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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]
The Department of Education announced an overhaul of its Public Service Loan Forgiveness Program (PSLF) today, through a series of actions, according to an announcement. See: 3 Ways To Prepare For...
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In Iowa, $492 million of student loan debt for public service employees has been forgiven through the program. The total relief from the program is $62.5 billion across the country for 871,000 ...
The Biden administration is cancelling an additional $1.2 billion in student loans for borrowers who work in public service through changes to an existing forgiveness program. The relief for roughly 35,000 borrowers was announced Thursday by the Education Department and made through changes to the Public Service Loan Forgiveness program, which ...
Student loan forgiveness for public-sector workers like teachers and nurses will be temporarily paused beginning May 1 as the Department of Education moves management of the program in-house.
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