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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]
Qualifying employers include U.S. government organizations (federal, state, local or tribal) and not-for-profit organizations with a valid 501(c)(3) status from the Internal Revenue Service.
After making what it called “significant fixes” to the Public Service Loan Forgiveness (PSLF) program, the Biden administration on Thursday is announcing the approval of $4.5 billion in ...
On Thursday, President Joe Biden and the Education Department announced that 60,000 borrowers are getting $4.5 billion in student-loan forgiveness following fixes to the Public Service Loan ...
Friday’s announcement of $4.28 billion in student debt relief is expected to be the final round of public service loan forgiveness before Biden leaves office next month. The Department of ...
In 2018, the group joined the American Federation of Teachers to launch an investigation into the failure of the Public Service Loan Forgiveness program. [15] Over the course of three years, Student Borrower Protection Center supported litigation by teachers and uncovered evidence of government mismanagement and industry abuses across the student loan system, including evidence that Public ...
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 ...
More than 35,000 borrowers will have $1.2 billion in student debt discharged under the public service loan forgiveness program, the Biden administration announced Thursday.The program impacts ...