What to know about public service loan forgiveness
2 years, 6 months ago

What to know about public service loan forgiveness

Associated Press  

NEW YORK — More than 145,000 U.S. borrowers have had the remainder of their student loan debt canceled through the Public Service Loan Forgiveness program, and officials say many more likely qualify. The Public Service Loan Forgiveness program, launched in 2007 to steer more graduates to public service, cancels the remainder of a borrower’s federal student loan debt after they make 10 years of monthly payments while doing public interest work, or 120 monthly payments over any time span while doing public interest work. The program, launched in 2007 to steer more graduates to public service, cancels student debt after 10 years of public interest work, or 120 payments. The Public Service Loan Forgiveness coalition hosts a webinar about the frequently asked questions about the program on the first week of every month.

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History of this topic

Biden’s parting gift: Student loan debt relief
3 days, 11 hours ago

Biden’s parting gift: Student loan debt relief

Politico  

Education Department officials said that “many” borrowers had already been notified that they received relief, and some will be notified in the coming days. Key context: More than 5 million borrowers have had about $183.6 billion in student loans forgiven since Biden took office, according to Education Department officials. During Trump’s first administration, then-Education Secretary Betsy DeVos denied nearly 130,000 …

More student loans canceled in Biden’s final round of forgiveness before leaving office
3 weeks, 6 days ago

More student loans canceled in Biden’s final round of forgiveness before leaving office

The Hindu  

The Biden administration is canceling federal student loans for another 55,000 workers through an existing program known as Public Service Loan Forgiveness. Under Mr. Biden, the Education Department loosened the rules for Public Service Loan Forgiveness, which previously had a 99% rejection rate amid burdensome rules and widespread confusion over eligibility requirements. With the latest round of relief, Mr. Biden …

Biden scraps plans to cancel widespread student loan debt
3 weeks, 6 days ago

Biden scraps plans to cancel widespread student loan debt

Salon  

The Biden administration has withdrawn its proposals for large-scale student loan relief programs, closing the door on mass loan forgiveness in the remaining weeks of his term. The U.S. Department of Education is rescinding two of its major student loan proposals, which would have considered some amount of loan forgiveness for at least 38 million Americans, according to Politico. In …

Biden cancels another $4.2bn in US student loans before leaving office
3 weeks, 6 days ago

Biden cancels another $4.2bn in US student loans before leaving office

Al Jazeera  

Move brings total in student loan forgiveness during Joe Biden’s term as president to $180bn, Education Department says. US President Joe Biden’s administration is cancelling student loans for another 55,000 people in the United States, amounting to $4.2bn in debt forgiveness just weeks before his time in office ends. Under Biden, the Education Department loosened the rules for public service …

My Family And I Were Trapped In A Financial Prison. Then I Received A 6-Word Letter That Changed My Life.
3 months, 2 weeks ago

My Family And I Were Trapped In A Financial Prison. Then I Received A 6-Word Letter That Changed My Life.

Huff Post  

Three generations of women: the author in the middle, her mother on the left and her oldest daughter on the right. Your student loans have been forgiven.” Thanks to the Biden-Harris administration’s student loan forgiveness program, my monumental debt was erased. Biden’s student loan forgiveness didn’t just erase a number from my balance sheet — it gave me back my …

Biden administration cancels another $1.2bn in student loans for public service workers
5 months, 4 weeks ago

Biden administration cancels another $1.2bn in student loans for public service workers

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Biden administration is cancelling an additional $1.2bn in student …

Biden administration cancels another $1.2 billion in student loans for public service workers
5 months, 4 weeks ago

Biden administration cancels another $1.2 billion in student loans for public service workers

Associated Press  

The Biden administration is cancelling an additional $1.2 billion in student loans for borrowers who work in public service through changes to an existing forgiveness program. The relief for roughly 35,000 borrowers was announced Thursday by the Education Department and made through changes to the Public Service Loan Forgiveness program, which benefits workers such as teachers, nurses and firefighters. “These …

35,000 more public servants see their student loan balances reduced or erased
5 months, 4 weeks ago

35,000 more public servants see their student loan balances reduced or erased

NPR  

35,000 more public servants see their student loan balances reduced or erased toggle caption LA Johnson/NPR Thousands more public servants will soon see their student loan balances reduced or erased, the Biden administration announced on Thursday. “This is relief that will bring real change in lives, and marks another win for this Administration’s relentless and unapologetic work to fix a …

Biden administration cancelling student loans for another 160,000 borrowers
7 months, 3 weeks ago

Biden administration cancelling student loans for another 160,000 borrowers

Hindustan Times  

The Biden administration is cancelling student loans for another 160,000 borrowers through a combination of existing programs. A separate action by the Biden administration aimed to correct previous mistakes that delayed cancellation for some borrowers enrolled in other repayment plans and through Public Service Loan Forgiveness, which forgives loans for people who make 10 years of payments while working in …

Biden administration canceling student loans for another 160,000 borrowers
7 months, 3 weeks ago

Biden administration canceling student loans for another 160,000 borrowers

Associated Press  

WASHINGTON — The Biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs. A separate action by the Biden administration aimed to correct previous mistakes that delayed cancellation for some borrowers enrolled in other repayment plans and through Public Service Loan Forgiveness, which forgives loans for people who make 10 years of payments while …

Biden administration canceling student loans for another 160,000 borrowers
7 months, 3 weeks ago

Biden administration canceling student loans for another 160,000 borrowers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Biden administration is canceling …

The deadline to consolidate some student loans to receive forgiveness is here. Here’s what to know
8 months, 2 weeks ago

The deadline to consolidate some student loans to receive forgiveness is here. Here’s what to know

Associated Press  

NEW YORK — Borrowers with some types of federal student loans have until today to consolidate their loans to qualify for full student loan cancellation or credit toward cancellation. The Education Department is expected to conduct a one-time adjustment in the summer but borrowers who want to be considered for the adjustment have to submit a request to consolidate their …

More student loan forgiveness available, but April 30 deadline looms
8 months, 2 weeks ago

More student loan forgiveness available, but April 30 deadline looms

LA Times  

Californians who obtained federally backed student loans from private banks can have some or all of their remaining debt forgiven by the Biden administration, but they need to act fast: The deadline for qualifying is Tuesday. The Education Department launched the Income Driven Repayment One-Time Adjustment initiative in 2022 to address complaints about loan servicing companies losing track of payments, …

Republican states file lawsuit challenging Biden’s student loan repayment plan
9 months, 2 weeks ago

Republican states file lawsuit challenging Biden’s student loan repayment plan

Associated Press  

TOPEKA, Kan. — A group of Republican-led states is suing the Biden administration to block a new student loan repayment plan that provides a faster path to cancellation and lower monthly payments for millions of borrowers. It argues that the new plan is no different from Biden’s first attempt at student loan cancellation, which the Supreme Court rejected last year. …

78,000 more public workers are getting student loans canceled through Biden administration changes
9 months, 3 weeks ago

78,000 more public workers are getting student loans canceled through Biden administration changes

Associated Press  

WASHINGTON — Another 78,000 Americans are getting their federal student loans canceled through a program that helps teachers, nurses, firefighters and other public servants, the Biden administration announced Thursday. The Education Department is canceling the borrowers’ loans because they reached 10 years of payments while working in public service, making them eligible for relief under the Public Service Loan Forgiveness …

President Biden Cancels Federal Student Loans For 153,000 Borrowers
10 months, 3 weeks ago

President Biden Cancels Federal Student Loans For 153,000 Borrowers

Huff Post  

LOADING ERROR LOADING CULVER CITY, Calif. — President Joe Biden announced Wednesday that his administration was automatically canceling federal student loans for nearly 153,000 borrowers, putting the spotlight on his debt cancellation efforts as he ramps up his reelection campaign. “Starting today, the first round of folks who are enrolled in our SAVE student loan repayment plan who have paid …

Student loans for nearly 153,000 borrowers are being canceled
10 months, 3 weeks ago

Student loans for nearly 153,000 borrowers are being canceled

Associated Press  

CULVER CITY, Calif. — President Joe Biden said Wednesday that while a college degree was still a ticket to a better life, that ticket is often too expensive, as he announced he was canceling federal student loans for nearly 153,000 borrowers. “Starting today, the first round of folks who are enrolled in our SAVE student loan repayment plan who have …

Biden administration looks to expand student loan forgiveness to those facing ‘hardship’
11 months ago

Biden administration looks to expand student loan forgiveness to those facing ‘hardship’

Associated Press  

WASHINGTON — Americans who are struggling to repay federal student loans because of financial hardship could get some of their debt canceled under President Joe Biden’s latest proposal for widespread loan forgiveness. Here’s what we know so far about who could be eligible for cancellation under the Biden plan: HARDSHIP Borrowers facing financial hardship could see relief under the newest …

Student loan forgiveness isn't dead yet, and other takeaways from 2023
1 year ago

Student loan forgiveness isn't dead yet, and other takeaways from 2023

NPR  

Student loan forgiveness isn't dead yet, and other takeaways from 2023 Enlarge this image Margaret Flatley for NPR Margaret Flatley for NPR Federal student loan borrowers have had quite a year. Margaret Flatley for NPR Many, perhaps most borrowers will tell you that 2023 was the year the idea of "student loan forgiveness" died atop the mahogany bench of the …

Borrowers reassess their budgets as student loan payments resume after pandemic
1 year, 3 months ago

Borrowers reassess their budgets as student loan payments resume after pandemic

Live Mint  

Millions of Americans must start repaying their federal student loans again in October, with monthly payments averaging hundreds of dollars. “If they were forgiven out of the blue, I'd be ecstatic.” The Supreme Court in July rejected a plan by President Joe Biden's administration to wipe away $400 billion in student loan debt. On an earnings call last month, the …

Biden is trying again on student loan forgiveness. Here’s where the process stands
1 year, 3 months ago

Biden is trying again on student loan forgiveness. Here’s where the process stands

Associated Press  

NEW YORK — President Joe Biden is making another attempt at student loan cancellation after the Supreme Court ruled earlier this year that his administration couldn’t forgive $400 billion in student loan debt using a 2003 law called the HEROES Act. “The HEA gives the Secretary of Education the authority to ‘enforce, pay, compromise, waive, or release any right, title, …

Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
1 year, 3 months ago

Borrowers are reassessing their budgets as student loan payments resume after pandemic pause

Associated Press  

NEW YORK — Millions of Americans must start repaying their federal student loans again in October, with monthly payments averaging hundreds of dollars. “If they were forgiven out of the blue, I’d be ecstatic.” The Supreme Court in July rejected a plan by President Joe Biden’s administration to wipe away $400 billion in student loan debt. On an earnings call …

Borrowers are reassessing their budgets as student loan payments resume after pandemic pause
1 year, 3 months ago

Borrowers are reassessing their budgets as student loan payments resume after pandemic pause

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “If they were forgiven out of the blue, I'd …

804,000 long-term borrowers are having their student loans forgiven before payments resume this fall
1 year, 3 months ago

804,000 long-term borrowers are having their student loans forgiven before payments resume this fall

Associated Press  

NEW YORK — Karin Engstrom thought she’d be paying off her federal student loans for the rest of her life. Engstrom didn’t immediately believe it when she saw her balances had been erased, but she eventually found a letter from the Federal Student Aid office dated August 28 that confirmed the cancellation was real. “I looked into getting a different …

Biden's New SAVE Plan Could Cut Your Student Loan Payments By Hundreds. But Do You Qualify?
1 year, 4 months ago

Biden's New SAVE Plan Could Cut Your Student Loan Payments By Hundreds. But Do You Qualify?

Huff Post  

OLIVIER DOULIERY via Getty Images President Joe Biden announced his first plan for student loan relief in August 2022, but it was overturned by conservative members of the Supreme Court. The restart of student loan payments was meant to follow the rollout of President Joe Biden’s widespread loan forgiveness plan, which more than 26 million borrowers had applied for once …

I was surprised when some of my student loans were canceled. Yours might be, too
1 year, 4 months ago

I was surprised when some of my student loans were canceled. Yours might be, too

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. This surprising reversal happened because …

Biden’s student loan forgiveness program was rejected by the Supreme Court. Here’s what borrowers need to know
1 year, 6 months ago

Biden’s student loan forgiveness program was rejected by the Supreme Court. Here’s what borrowers need to know

CNN  

Washington CNN — The Supreme Court struck down President Joe Biden’s student loan forgiveness program Friday, blocking millions of borrowers from receiving up to $20,000 in federal student debt relief, just months before student loan payments are set to restart after a yearslong pause. Ways borrowers can still seek debt relief The Biden administration has made it easier for many …

Supreme Court could soon rule on Biden’s student loan forgiveness program. Here’s what borrowers need to know
1 year, 7 months ago

Supreme Court could soon rule on Biden’s student loan forgiveness program. Here’s what borrowers need to know

CNN  

Washington CNN — Millions of borrowers may learn soon whether they could receive up to $20,000 in debt relief under President Joe Biden’s student loan forgiveness program. The forgiveness program, which is estimated to cost about $400 billion, would fulfill Biden’s campaign promise to cancel some student loan debt and would delight progressives, as well as put some borrowers in …

The US has approved $42 billion in loan forgiveness for public service workers. Here’s what to know
1 year, 8 months ago

The US has approved $42 billion in loan forgiveness for public service workers. Here’s what to know

Associated Press  

The U.S. has approved more than $42 billion in federal student loan debt forgiveness for more than 615,000 borrowers in the past 18 months as part of a program aimed at getting more people to work in public service jobs, the U.S. Department of Education said this week. The Public Service Loan Forgiveness program is open to teachers, librarians, nurses, …

What should student loan borrowers do while waiting for Supreme Court forgiveness ruling?
1 year, 10 months ago

What should student loan borrowers do while waiting for Supreme Court forgiveness ruling?

LA Times  

The U.S. Supreme Court will decide two issues: whether the administration overstepped its authority, and whether the plaintiffs had the right to sue in the first place. If you have federal student loan debt, you may be waiting anxiously to see whether the Supreme Court will halt the massive loan forgiveness program the Biden administration announced last August. The justices …

What to know if you’ve applied for student loan forgiveness
2 years, 1 month ago

What to know if you’ve applied for student loan forgiveness

Associated Press  

NEW YORK — President Joe Biden’s plan to provide up to $20,000 in federal student loan forgiveness has been blocked by two federal courts, leaving millions of borrowers wondering what happens next. “We’re really confident they’re going to find a way forward to cancel people’s debt,” said Katherine Welbeck at the Student Borrower Protection Center. “I’ve been telling people to …

EXPLAINER: Where does student loan forgiveness stand?
2 years, 2 months ago

EXPLAINER: Where does student loan forgiveness stand?

Associated Press  

A federal appeals court in St. Louis has created another roadblock for President Joe Biden’s plan to provide millions of borrowers with up to $20,000 apiece in federal student-loan forgiveness. Nebraska Attorney General Doug Peterson, a Republican, said in a statement that the ruling “recognizes that this attempt to forgive over $400 billion in student loans threatens serious harm to …

Applications for student loan forgiveness no longer accepted
2 years, 2 months ago

Applications for student loan forgiveness no longer accepted

Associated Press  

WASHINGTON — The Biden administration is no longer accepting applications for student loan forgiveness after a second federal court shut down the program. “Courts have issued orders blocking our student debt relief program,” the Education Department said on its federal student aid website. We are seeking to overturn those orders.” Fulfilling a campaign pledge, President Joe Biden announced in August …

EXPLAINER: Where does the student loan debt plan stand?
2 years, 2 months ago

EXPLAINER: Where does the student loan debt plan stand?

Associated Press  

President Joe Biden’s plan to provide millions of borrowers with up to $20,000 apiece in federal student-loan forgiveness has been blocked by a second federal court, leaving millions of borrowers to wonder if they’ll get debt relief at all. Here’s where things stand: HOW THE FORGIVENESS PLAN WORKS The debt forgiveness plan announced in August would cancel $10,000 in student …

Biden admin relaxes rules for student debt forgiveness
2 years, 2 months ago

Biden admin relaxes rules for student debt forgiveness

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Biden administration is moving …

Judge dismisses effort to halt student loan forgiveness plan
2 years, 2 months ago

Judge dismisses effort to halt student loan forgiveness plan

Associated Press  

ST. LOUIS — A federal judge on Thursday dismissed an effort by six Republican-led states to block the Biden administration’s plan to forgive student loan debt for tens of millions of Americans. U.S. District Judge Henry Autrey in St. Louis wrote that because the six states — Nebraska, Missouri, Arkansas, Iowa, Kansas and South Carolina — failed to establish they …

Judge dismisses effort to halt student loan forgiveness plan
2 years, 2 months ago

Judge dismisses effort to halt student loan forgiveness plan

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A federal judge in St. …

Everything to know to apply for student loan forgiveness
2 years, 2 months ago

Everything to know to apply for student loan forgiveness

Associated Press  

NEW YORK — President Joe Biden’s student loan forgiveness program. At least a few states have said they plan to tax the forgiveness, including Indiana and Mississippi, and it’s unclear whether some others will change their tax rules to exclude forgiven student debt. Discretionary income usually refers to what you have left after covering necessities like food and rent, but …

Here’s how you can apply for student loan forgiveness
2 years, 2 months ago

Here’s how you can apply for student loan forgiveness

Associated Press  

WASHINGTON — President Joe Biden on Monday officially kicked off the application process for his student debt cancellation program, opening the door for millions of Americans to apply for up to $20,000 in forgiveness. Go to studentaid.gov and in the section on student loan debt relief, click “Apply Now.” Be ready to type in some basic personal information. Most borrowers …

Here's how to apply for the U.S. student loan forgiveness
2 years, 2 months ago

Here's how to apply for the U.S. student loan forgiveness

The Hindu  

President Joe Biden on Monday officially kicked off the application process for his student debt cancellation program, opening the door for millions of Americans to apply for up to $20,000 in forgiveness. Go to studentaid.gov and in the section on student loan debt relief, click “Apply Now.” Be ready to type in some basic personal information. Click “Submit.” After the …

Student loan forgiveness application website goes live
2 years, 2 months ago

Student loan forgiveness application website goes live

Associated Press  

WASHINGTON — President Joe Biden on Monday officially kicked off the application process for his student debt cancellation program and announced that 8 million borrowers had already applied for loan relief during the federal government’s soft launch period over the weekend. “It means more than 8 million Americans are — starting this week — on their way to receiving life-changing …

Student loan forgiveness applications now open online. Here are the details
2 years, 3 months ago

Student loan forgiveness applications now open online. Here are the details

LA Times  

The U.S. Department of Education on Friday started accepting applications from federal student loan borrowers for up to $20,000 in debt forgiveness. The U.S. Department of Education officially opened the window Monday to applications for student loan debt relief, following a weekend test of the online application form. The weekend beta test was aimed at avoiding the problems the department …

Federal judge weighs effort to halt student loan forgiveness
2 years, 3 months ago

Federal judge weighs effort to halt student loan forgiveness

Associated Press  

ST. LOUIS — A federal judge in St. Louis is weighing the fate of the Biden administration’s plan to forgive student loan debt for tens of millions of Americans following a court hearing on Wednesday. It’s unclear when U.S. District Judge Henry Autrey will rule on the lawsuit filed by six Republican-led states that seeks an injunction to halt the …

Biden’s student-loan forgiveness test: Processing millions of applications
2 years, 3 months ago

Biden’s student-loan forgiveness test: Processing millions of applications

Live Mint  

WASHINGTON : The Biden administration is gearing up for a major test of the federal government’s bureaucracy: tens of millions of applications for student debt relief. Previous student loan programs have been marked by delays and confusion, such as a loan-forgiveness program for people with public-service jobs that the Biden administration overhauled last year, after the Education Department revealed that …

Wisconsin law firm sues to block student loan forgiveness
2 years, 3 months ago

Wisconsin law firm sues to block student loan forgiveness

Associated Press  

MADISON, Wis. — A conservative Wisconsin law firm on Tuesday sued to stop federal student loan forgiveness, saying President Joe Biden’s loan forgiveness plan is discriminatory and constitutes taxation without representation. The Wisconsin Institute for Law and Liberty’s federal lawsuit asks a judge to immediately block student loan forgiveness until the lawsuit plays out. A White House spokesperson did not …

Biden administration scales back eligibility for student loan forgiveness. Here’s who’s affected
2 years, 3 months ago

Biden administration scales back eligibility for student loan forgiveness. Here’s who’s affected

LA Times  

The Biden administration reined in its pledge to forgive up to $20,000 in federal student loans Thursday, narrowing the types of loans eligible for relief. Initially, the administration said that qualified borrowers with these privately held loans could consolidate them into a federal direct loan and obtain debt relief. The Education Department “is assessing whether there are alternative pathways to …

How public service workers can get student loan forgiveness
2 years, 4 months ago

How public service workers can get student loan forgiveness

LA Times  

Student loan forgiveness is available to those who work 10 years in public service jobs. The basics of the program called Public Service Loan Forgiveness, or PSLF, seem clear: Government and nonprofit workers who make monthly payments on their federal loans for 10 years are eligible to have the rest of their debt wiped clean. More than 600,000 borrowers — …

Upcoming dates and info you need to know for student loan forgiveness
2 years, 4 months ago

Upcoming dates and info you need to know for student loan forgiveness

NPR  

Upcoming dates and info you need to know for student loan forgiveness Enlarge this image LA Johnson/NPR LA Johnson/NPR President Biden laid out a sweeping plan in August to cancel up to $20,000 in federal student loan debt per borrower. Biden's plan only applies to federal student loans, though; private student loans are not eligible for forgiveness, even if they …

Student-loan forgiveness: Who qualifies for plan, what it means for borrowers
2 years, 4 months ago

Student-loan forgiveness: Who qualifies for plan, what it means for borrowers

Live Mint  

President Biden’s student-loan plan will reduce or wipe out the debt of millions of borrowers. Many borrowers will be eligible for total forgiveness up to $20,000 if they received Pell Grants, a form of federal financial aid awarded to students from low-income households. Borrowers with federal student-loan debt are eligible for up to $10,000 in relief if they earn less …

Student-loan forgiveness: who qualifies for Biden’s plan, and what it holds
2 years, 4 months ago

Student-loan forgiveness: who qualifies for Biden’s plan, and what it holds

Live Mint  

President Biden’s student-loan plan will reduce or wipe out the debt of millions of borrowers. Many borrowers will be eligible for total forgiveness up to $20,000 if they received Pell Grants, a form of federal financial aid awarded to students from low-income households. Borrowers with federal student-loan debt are eligible for up to $10,000 in relief if they earn less …

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