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The White House said Friday it approved another $4.28 billion in student debt cancellation for 54,900 additional public service workers in what could be one of the Biden Administration's final act ...
WASHINGTON (AP) — A student loan cancellation program for public workers has granted relief to more than 1 million Americans — up from just 7,000 who were approved before it was updated by the ...
The administration said it will spend nearly $4.3 billion to cancel student debt for 55,000 such workers, the result of fixes made to the Public Service Loan Forgiveness Program.
The Public Service Loan Forgiveness program was created in 2007, promising college graduates that the remainder of their federal student loans would be zeroed out after 10 years working in government or nonprofit jobs. But starting in 2017, the vast majority of applicants were rejected because of complicated and little-known eligibility rules.
The $4.28 billion in relief is expected to be the final round of public service loan forgiveness before President Joe Biden leaves office in January. After failing to deliver his promise of widespread loan cancellation, Biden has instead focused on expanding loan relief through programs that were created before his presidency.
(Reuters) - The Biden administration on Friday canceled another $4.28 billion in student debt for nearly 55,000 public service workers, the U.S. Department of Education said in a statement. Friday ...
WASHINGTON (Reuters) -U.S. President Joe Biden on Thursday canceled another $4.5 billion in student debt for more than 60,000 borrowers, bringing the number of public service workers who have had ...
Another 78,000 Americans are getting their federal student loans canceled through a program that helps teachers, nurses, firefighters and other public servants, the Biden administration announced ...