Teachers, social workers and other public servants at risk of missing out on federal student loan forgiveness because they enrolled in the wrong repayment plan now have a shot at debt relief under the spending bill signed into law Friday.
The sweeping $1.3 trillion bill includes a measure that temporarily expands Public Service Loan Forgiveness, a program that cancels federal student debt after 10 years of on-time payments for people who take jobs in the public sector.
The program requires borrowers to be enrolled in specific repayment plans, primarily those that cap monthly loan payments to a percentage of a borrower’s income. But some people have complained about loan servicing companies failing to provide consistent and clear g…
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