360,000 student loan borrowers received $24 billion in forgiveness from fix to Public Service Loan Forgiveness

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The Biden administration's fix to the Public Service Loan Forgiveness program has benefited hundreds of thousands of borrowers. More relief is on the way.

coming to the Public Service Loan Forgiveness program, starting next July 1, which also include allowing borrowers to get credit for late payments or months in certain types of deferments.There are typically three primary requirements for public service loan forgiveness, although the recent changes provide some more wiggle room in certain cases:

Your employer must be a government organization at any level, a 501 not-for-profit organization or some other type of not-for-profit organization that provides public service.To reach forgiveness, you need to have made 120 qualifying, on-time payments in an income-driven repayment plan or the standard repayment plan.

Try to fill out this form at least once a year, he added, and keep records of your confirmed qualifying payments.

 

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Didn't the Supreme Court block this last week until they can debate it in February?

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