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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]
To date, the Biden administration has forgiven $143.6 billion in student loan debt for 3.96 million borrowers. In addition to relief given to PSLF borrowers, 959,700 borrowers have received $47.3 ...
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President Joe Biden is commuting the sentences of nearly 1,500 people and pardoning 39 others in "the largest single-day act of clemency in modern history," the White House announced Thursday.
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He also contrasted the debt forgiveness program with the Paycheck Protection Program. [28] The Supreme Court's ruling in Biden v. Nebraska was used as guidance in implementing preliminary injunctions against further proposals to forgive student loans via the SAVE repayment plan.