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The PSLF Program forgives the remaining balance on your Direct Loans. while working full-time for an eligible employer. Find out more about Public Service Loan Forgiveness (PSLF) and Temporary Expanded Public Service Loan Forgiveness (TEPSLF) at StudentAid.gov/publicservice.
The Biden-Harris Administration announced the approval of about $4.5 billion in additional student loan relief for over 60,000 borrowers who work in public service. Total loan forgiveness approved by Administration is now over $175B for 4.8M Americans.
Using the PSLF Help Tool. PSLF is a program for people who work in public service in federal, state, tribal, or local government, or for a non-profit organization. For the best experience using this tool, we strongly recommend that you read Become a Public Service Loan Forgiveness (PSLF) Help Tool Ninja before getting started.
In certain situations, you can have your federal student loans forgiven, canceled, or discharged. That means you won’t have to pay back some or all of your loan (s). The terms “forgiveness,” “cancellation,” and “discharge” mean essentially the same thing.
You may qualify for forgiveness of the remaining balance due on your eligible federal student loans based on your employment in a public service job.
“Congratulations! The Biden-Harris Administration has forgiven your federal student loan(s) listed below with Edfinancial Services in full.” The letter listed two original federal loan amounts of $30,067.45 and $45,729.97 — now gone, along with accumulated interest that more than doubled her total.
ED is in the process of finalizing who will be eligible for student debt relief. On Oct. 3, 2024, the U.S. District Court for the Eastern District of Missouri issued a preliminary injunction on the proposed student loan relief regulations. We will provide updates on this page as we learn more.
The U.S. Department of Education (ED) has announced a plan for permanent improvements to the Public Service Loan Forgiveness (PSLF) program that includes a one-time payment count adjustment to bring borrowers closer to forgiveness!
Today’s announcement brings the total loan forgiveness approved by the Biden-Harris Administration to $167 billion for 4.75 million Americans. Thanks to this Administration’s efforts more than one out of every 10 federal student loan borrowers has now been approved for some debt relief.
PSLF Servicing Changes Will Pause Student Loan Forgiveness. Meanwhile, the Education Department began a long-planned servicing transition for the PSLF program this week. The department is moving...