On Friday, the Biden-Harris administration announced another $4.28 billion in student loan forgiveness for nearly 55,000 borrowers in the Public Service Loan Forgiveness program. The latest debt cancellation news comes after years of challenges for the PSLF, recent payment pauses and legal disputes over student loan forgiveness.
This wave of student loan debt relief is a result of improvement the Department of Education made over the last few years to the Public Service Loan Forgiveness program.
PSLF offers student loan forgiveness to teachers, nurses and other public service workers who have worked a qualifying job for ten years or more. After making 120 qualifying payments, PSLF borrowers can have their remaining balances wiped…
