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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]
When student loan borrowers began applying for loan forgiveness 10 years after the program went into effect, most were denied relief. The White House said it made administrative fixes that ...
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 ...
The road to student loan forgiveness is a long and winding one since President Joe Biden announced the much-anticipated administration's program on Aug. 24, 2022. Following several lawsuits and...
Public Service Loan Forgiveness borrowers will get the following credit: Any months in a repayment status, regardless of the payments made, loan type, or repayment plan;
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The total debt relief under PSLF is now $62.5 billion for 871,000 borrowers since October 2021. Under the previous administration, only 2%, or around 7,000 PSLF borrowers, received forgiveness.