PUBLIC SERVICE LOAN FORGIVENESS

Biden’s endless student loan scheme isn’t just horrible policy that cost $155 billion, it’s also illegal. But borrowers have gone three years without paying.

Kjerstin Laine diligently made all of her student-loan payments and hoped a job in public service would provide relief. But her balance keeps growing.

The U.S. Education Department announced plans Tuesday to permanently change the long-troubled program to grant more borrowers forgiveness. The department had already made several temporary changes.

Teachers and other public servants need to apply soon to ensure they are considered for a one-time waiver.

The waiver is to receive credit for payments that did not qualify for the program before.

Divorced borrowers who have been on the hook for their ex's student debt are finally getting the fix they need. But the Education Department's radio silence makes the win bittersweet.

Student loan relief will not be treated as taxable income in Michigan through 2025.

If you have worked in public service for 10 years or more you might be able to have all your student debt canceled.

A short-lived program in the early 2000s allowed married couples to consolidate their student loans for a lower interest rate. Now, they're missing out on thousands in loan forgiveness.

One college professor managed to shed $73,000 in student loans under a revamped federal program.

They were told that consolidating their student loans at marriage would be the best option for them. Now, they're unable to get much-needed relief.

The White House has said a decision on canceling debt would be made between now and the end of August.

As the White House mulls canceling debt, a new study from the New York Fed details how different proposals would affect borrowers.

A review found some servicers had been placing borrowers facing financial difficulties into forbearance instead of giving them clear information about income-driven repayment options.

"When student loan companies lie about cancellation and repayment programs for borrowers, they are breaking the law," CFPB Director Rohit Chopra said.

Due to changes made to the Public Service Loan Forgiveness program in October 2021 by the Biden administration, 100,000 student borrowers are now eligible to have their federal student loan debt wiped clean, The U.S. Department of Education announced on Wednesday. The Education Department told reporters that cancellations for those people are expected to total about $6.2 billion in federal student debt relief. About 60% of borrowers certified for PSLF had loans through the Federal Family Education Loan program. Many FFEL recipients have received inaccurate information on how to make progress on toward PSLF loan forgiveness, said the Education Department. Related Content:Student loan repayments, set to restart May 1, may be delayed againAnn Arbor, Ypsilanti have some of nation’s highest student debt to earnings ratios, study findsAnother $415 million in student loan debt forgiven by Biden administration

Nearly 100,000 people are eligible for student loan debt cancelation, the Department of Education announced on Wednesday.The cancellations would apply to people who were affected by changes the agency made to the Public Service Loan Forgiveness program (PSLF) last year. In total, the cancellations would amount to almost $6.2 billion in student debt relief, according to CNN.Under the Public Service Loan Forgiveness program, eligible borrowers...

After a few hiccups, Christopher Handley logged into his FedLoans account to find $167,000 in student loans forgiven by the federal government.

An NPR investigation finds student borrowers were prematurely rejected under the revamped Public Service Loan Forgiveness program. The Education Department has agreed, and promises a fix.

Thousands of teachers, nurses and other public servants are learning they could have some of their federal student loan debts erased months — and even years — earlier than expected.

Three student-loan companies announced plans to shut down this year, but some negotiations are still underway before payments resume in 100 days.

The administration is taking steps to overhaul the Public Service Loan Forgiveness program to help borrowers who were rejected for various reasons.

On Wednesday, the U.S. Education Department said it would temporarily relax some of the program's rules. The changes could lead to loan cancellation for tens of thousands of borrowers.

The program's confusing requirements led to crowds of frustrated borrowers being denied debt relief. The U.S. Department of Education will soon announce a series of long-term and temporary fixes.

Persis Yu, director of NCLC's Student Loan Borrower Assistance Project says the program has not led to student loan forgiveness for more borrowers because of a lack of awareness about the program and because of "Byzantine" hurdles borrowers must overcome in order to qualify. Of the 45 million Americans with student loan debt, 8 million are currently enrolled in a federal IDR plan. The low number of people who actually receive student debt discharge is "very analogous to what happened with the public service loan forgiveness program," says Yu. Forgiveness for public serviceA second current policy in place that allows for federal student debt forgiveness is the Public Service Loan Forgiveness (PSLF) program. "As student debt forgiveness becomes a prominent discussion point in public policy, it gives us a platform to let people know that it exists right now and how."