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The Higher Education Relief Opportunities For Students (HEROES) Act ( Pub. L. 108–76 (text) (PDF)) was legislation passed unanimously by the United States Congress and signed into law by President George W. Bush on January 16, 2002. It was extended and amended in 2003, extended in 2005, and made permanent in 2007.
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]
The Teacher Loan Forgiveness program is a student loan forgiveness program by the United States Department of Education. This program is intended to encourage individuals to enter and continue in the teaching profession. Under this program, teachers who provide direct classroom teaching, or classroom-type teaching in a nonclassroom setting [1 ...
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 ...
The total discharged debt includes $51 billion for 715,000 borrowers through the public service loan forgiveness ; $11.7 billion for permanent disability discharges for more than 513,000 borrowers ...
The mismanagement caused many to miss out on debt relief. According to past research from the National Consumer Law Center, despite millions of student debtors qualifying for forgiveness under ...
The William D. Ford Federal Direct Loan Program (also called FDLP, FDSLP, and Direct Loan Program) provides "low-interest loans for students and parents to help pay for the cost of a student's education after high school. The lender is the U.S. Department of Education ... rather than a bank or other financial institution." [ 1]
High-profile government figure John B. King, Jr., the education secretary under former President Barack Obama and current Maryland gubernatorial candidate, has publicly backed forgiving federal...
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