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Through the PSLF and other programs, the Biden administration has said it has approved forgiveness for 4.9 million borrowers, providing nearly $180 billion in aid.
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.
Biden announced $4.28 billion in student-debt cancellation for 54,900 borrowers in Public Service Loan Forgiveness. The relief is a result of the Education Department's ongoing fixes to PSLF.
Biden's Plan B for student-loan forgiveness would have benefited over 30 million borrowers. ... his administration announced an additional $4.28 billion in debt relief for 54,900 borrowers in ...
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.
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 ...
Student-loan forgiveness under President Joe Biden has officially reached the end of the road. On Thursday, Biden's Education Department announced over $600 million in debt cancellation for 4,550 ...
Biden, a Democrat, last year pledged to find other avenues for tackling debt relief after the Supreme Court in June blocked his broader plan to cancel $430 billion in student loan debt.