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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]
In another blow to the administration's student debt relief plans, a federal judge blocked the Biden administration Monday from implementing parts of the program that are set to go into effect July 1.
The Supreme Court is set to hear oral arguments on Tuesday over President Biden’s student loan debt relief plan, which aims to wipe away up to $20,000 of student debt for more than 40 million ...
To date, the Biden administration has forgiven $168.5 billion in student loan debt for 4.76 million borrowers. In addition to the $69.2 billion received by 946,000 PSLF borrowers, 1,414,000 ...
July 18, 2024 at 1:40 PM. By Nate Raymond. (Reuters) - A federal appeals court on Thursday blocked President Joe Biden's administration from continuing to implement a new student debt relief plan ...
June 24, 2024 at 10:50 PM. By Nate Raymond. (Reuters) -Two federal judges in Kansas and Missouri on Monday at the urging of several Republican-led states blocked President Joe Biden's ...
President Joe Biden continues to pursue federal student loan forgiveness options, announcing on Wednesday, Feb. 21, that his administration will eliminate debt for more than 150,000 borrowers.
President Joe Biden is not backing down in his quest to free Americans from their student debt shackles. Just weeks after canceling almost $5 billion in student loan debt for thousands of public ...