In a major overhaul of the program, the U.S. Department of Education hopes to give borrowers who've been excluded from public serve loan forgiveness a second chance.
That change will bring more than 550,000 people closer to loan forgiveness, and make 22,000 borrowers immediately entitled to the cancellation, according to the Department.
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US Department of Education overhauls Public Service Loan Forgiveness programThe US Department of Education announced major changes Wednesday to a federal student loan forgiveness program that the agency says could bring relief to thousands of borrowers working in government and nonprofit sectors. CancelStudentDebt I wish federal contractors who do the same job as their Civil Servants coworkers could qualify. Yeah and what about those who had to switch over to private loans because Public Service Loan Forgiveness failed them?
Source: cnnbrk - 🏆 393. / 55 Read more »
Student-Debt Relief to Include More Public-Sector WorkersThe Biden administration plans to overhaul the Public Service Loan Forgiveness program that could help roughly 550,000 loan borrowers. He said EVERYONE would get $50,000 forgiven!! That’s what he said!! Now that’s changed and he is selecting certain groups to forgive ALL of their student loan debt. 🙄 Doesn't Biden want all workers to eventually be public sector workers? In third world countries, politicians hand out building materials and other gifts to obtain votes... maybe it's time to build back America another way...
Source: WSJ - 🏆 98. / 63 Read more »
Troubled student loan forgiveness program gets an overhaulThe program, launched in 2007, aims to steer more college graduates into public service, but just 5,500 borrowers have had their loans erased. They could also address the thousands of students who submitted DTR’s 8 years ago who are STILL waiting for a response
Source: MSNBC - 🏆 469. / 51 Read more »
If You Are Denied Student Loan Forgiveness, Do ThisWhile the debate continues about reforming or expanding existing student loan forgiveness programs, many borrowers have been applying for relief under these programs, only to be denied. In some cases, borrowers may still have options.
Source: Forbes - 🏆 394. / 53 Read more »