Department of Education overhauls Public Service Loan Forgiveness Program to benefit more student borrowers

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The change will immediately impact 22,000 people.

Robyn Beck/AFP via Getty Images, FILE

The extensive overhaul will make the Public Service Loan Forgiveness Program “live up to its promise” and will immediately impact around 22,000 borrowers -- all now able to receive loan forgiveness after previously being ineligible, according to the announcement. That’s more than $1.7 billion in loans forgiven.

 

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Biden can go ahead and wipe all my school debt away, that is fine with me!

Wow. A big 0.00666667 % of the population is 'eligible'. Only a small percent of THAT will actually get anything. Crap! Complete crap!

Biden could wipe out student debt right now with the stroke of a pen.

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this is terrible news

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I really take this program is unfair to everybody's paid off their student loans

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Student-Debt Relief to Include More Public-Sector WorkersThe Biden administration plans to overhaul the Public Service Loan Forgiveness program that could help roughly 550,000 loan borrowers. He said EVERYONE would get $50,000 forgiven!! That’s what he said!! Now that’s changed and he is selecting certain groups to forgive ALL of their student loan debt. 🙄 Doesn't Biden want all workers to eventually be public sector workers? In third world countries, politicians hand out building materials and other gifts to obtain votes... maybe it's time to build back America another way...
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US Department of Education overhauls Public Service Loan Forgiveness programThe US Department of Education announced major changes Wednesday to a federal student loan forgiveness program that the agency says could bring relief to thousands of borrowers working in government and nonprofit sectors. CancelStudentDebt I wish federal contractors who do the same job as their Civil Servants coworkers could qualify. Yeah and what about those who had to switch over to private loans because Public Service Loan Forgiveness failed them?
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Troubled student loan forgiveness program gets an overhaulThe Biden administration is temporarily relaxing the rules for a student loan forgiveness program that has been criticized for its notoriously complex requirements — a change that could offer debt relief to thousands of teachers, social workers, military members and other public servants. The Education Department said Wednesday it will drop some of the toughest requirements around Public Service Loan Forgiveness, a program that was launched in 2007 to steer more college graduates into public service but, since then, has helped just 5,500 borrowers get their loans erased. Congress created the program as a reward for college students who go into public service.
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Troubled student loan forgiveness program gets an overhaulThe program, launched in 2007, aims to steer more college graduates into public service, but just 5,500 borrowers have had their loans erased. They could also address the thousands of students who submitted DTR’s 8 years ago who are STILL waiting for a response
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