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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]
With its plan to cancel federal student loan debt for millions of borrowers still hung up in the courts, the Biden administration has set its sights on another way to provide debt relief. This...
Breaking news. On Friday, April 12, the Biden-Harris administration announced an additional $7.4 billion in student loan forgiveness for more than 200,000 SAVE Plan users. This round of ...
In August 2022, the administration used the Act again to announce student debt cancellation of up to $20,000 and several other reforms. [7] [16] Following litigation brought by several Republican-led state governments, the Supreme Court ruled in Biden v. Nebraska (2023) that the statute did not permit the administration's debt forgiveness ...
President Joe Biden is determined to provide debt forgiveness to federal student loan borrowers, despite more than a year of having his plans challenged and shot down in the courts. The ...
The Biden administration announces moves that allow 40,000 borrowers to have their student loans erased, and brings 3.6 million closer to cancellation. Biden administration to erase student debt ...
The Biden administration discharged another $4.9 billion in student loan debt for more than 73,600 borrowers, the Education Department announced. That brings the total amount discharged since ...
President Joe Biden confirmed Aug. 24 what many have anticipated for months – a plan to forgive or reduce student loan debt for millions of debt-saddled borrowers.. If you earn less than ...