Biden administration cancels $1.2bn in student loans for 35,000 public service workers, improving PSLF program.

The Biden administration has canceled $1.2 billion in student loans for approximately 35,000 borrowers who work in public service, through changes made to the existing Public Service Loan Forgiveness (PSLF) program. This debt relief benefits workers such as teachers, nurses, and firefighters, who qualify for loan forgiveness after making 120 qualifying monthly payments.

July 18, 2024
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