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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.
Friday's approvals bring the total number of Americans who have had their loans forgiven through the Public Service Loan Forgiveness program to 1.06 million.
The PSLF (or public service loan forgiveness) program provides cancellation of federal loans after a certain period of time for many holding public sector positions.
Public Service Loan Forgiveness (PSLF) is a federal student loan forgiveness plan. The PSLF program forgives remaining student loan balances for borrowers in the Direct Loan program after 120 ...
Biden announced an additional $4.5 billion in student-debt cancellation for 60,000 borrowers in public service. It's a result of fixes to the Public Service Loan Forgiveness program over the past ...
The Public Service Loan Forgiveness Program, which waives debt for government and nonprofit employees after they make 10 years of on-time payments, has been a frequent target of criticism from ...
In 2018, Congress provided ED with $700 million to create the Temporary Expanded Public Service Loan Forgiveness Program (TEPSLF). As of April 30, 2021, ...
The Biden administration has approved the discharge of student loan debt for more than 615,000 borrowers since October 2021 under temporary changes to the public service loan forgiveness program. ...
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