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There are a number of student loan forgiveness programs out there for people who work in public service, education, health care and other fields. If you’re struggling with debt, we’ve done the ...
In 2019, just 8% of employers included student loan assistance in their employee benefits packages, according to research from the Society for Human Resource Management. Even that was a big step up...
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]
In 10 years, the loan program experienced 230% growth in the loan portfolio and 130% growth in the loan recipients. Student loan debt in 2019 is the highest it has ever been. According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15]
Federal Student Aid (FSA), an office of the U.S. Department of Education, is the largest provider of student financial aid in the United States. Federal Student Aid provides student financial assistance in the form of grants, loans, and work-study funds.
President Joe Biden's student loan forgiveness plan seemed like a dream come true for millions of borrowers when it was unveiled in August of 2022. Now they face the nightmare possibility that the...
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