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The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service. [1]
Before Biden took office, just 7,000 people had ever received debt relief under the program. Under Biden, about 871,000 borrowers have qualified for PSLF and received a total of $62.5 billion in ...
Hanneh Bareham. March 21, 2024 at 11:55 AM. President Biden announced another sweeping federal student loan forgiveness policy, wiping out $5.8 billion in debt for 77,700 borrowers. However, only ...
The Biden administration said Friday that it is using existing student loan forgiveness programs to cancel another round of student debt, totaling $7.4 billion for 277,000 borrowers. Under ...
President Joe Biden announced a new student loan debt forgiveness plan during a visit to Madison ... Biden announced a new student loan forgiveness program. Student loan relief is a top issue for ...
In July 2021, the Biden administration announced that Latreille would serve as the U.S. Department of Education’s student loan ombudsman, its top watchdog for the federal student loan program. In October 2021, the Consumer Financial Protection Bureau announced that Frotman would return to the agency to serve as acting General Counsel.
WASHINGTON (AP) — The Biden administration is canceling student loans for another 206,000 borrowers as part of a new repayment plan that offers a faster route to forgiveness. The Education Department announced the latest round of cancellations Friday in an update on the progress of its SAVE Plan. More people are becoming eligible for student ...
The Department of Education launched a beta website on July 31 for the Biden administration's new income-driven repayment (IDR) plan called the Saving on a Valuable Education (SAVE) Plan, in...