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Under all four plans, any remaining loan balance is forgiven if your federal student loans aren’t fully repaid at the end of the repayment period. There is no limit on how much forgiveness you receive as long as you meet the requirements.
Learn about options for student loan forgiveness and cancellation, including eligibility requirements and application process.
The Biden-Harris Administration announced the approval of about $4.5 billion in additional student loan relief for over 60,000 borrowers who work in public service. Total loan forgiveness approved by Administration is now over $175B for 4.8M Americans.
The Biden-Harris Administration today is announcing that it will automatically discharge $1.2 billion in loans for nearly 153,000 borrowers who are eligible for the shortened time to forgiveness benefit under President Biden’s Saving on a Valuable Education (SAVE) Plan.
The Department of Education has announced time-limited changes to PSLF that provide an easier path to forgiveness of all outstanding debt for eligible federal student loan borrowers who...
Today’s announcement brings the total loan forgiveness approved by the Biden-Harris Administration to $167 billion for 4.75 million Americans. Thanks to this Administration’s efforts more than one out of every 10 federal student loan borrowers has now been approved for some debt relief.
The Public Service Loan Forgiveness program is the most common way that people apply to have their student loans forgiven. You may qualify if you work for: U.S. federal, state, local, or tribal government. The U.S. military. A not-for-profit organization. Teacher loan forgiveness.
Apply for Public Service Loan Forgiveness (PSLF) and Temporary Expanded PSLF (TEPSLF) by completing and submitting the certification and application form.
The Biden administration has made it easier for about 572,000 permanently disabled borrowers to receive the debt relief to which they are entitled. It also has granted student loan...
Today, President Biden announced the approval of $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in the Saving on a Valuable Education (SAVE)...