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Stories Tagged as

Public service loan forgiveness

Student loan borrowers are in limbo while legal challenges wend through courts

by Samantha Fields
Sep 5, 2024
An appeals court has temporarily blocked a Biden plan that would reduce monthly payments for many to just 5% of their income.
The Biden administration rolled out the SAVE plan last year. The loans of 8 million borrowers were paused when an appeals court suspended the program in July.
Andrew Caballero-Reynolds/AFP via Getty Images
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Have student loans? Want forgiveness? An important deadline is coming up.

by Samantha Fields
Apr 26, 2024
Certain federal loan holders must consolidate by April 30 to qualify through Income-Driven Repayment and Public Service Loan Forgiveness.
The Education Department is reviewing more than 40 million federal student loan accounts and granting credit for years of past payments that previously didn’t count toward forgiveness.
J. David Ake/Getty Images
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Biden cancels $5.8 billion in student debt for public service workers

by Stephanie Hughes
Mar 22, 2024
The federal government is trying to make sure eligible borrowers are able to get credit for payments made under the Public Service Loan Forgiveness program.
Under the Public Service Loan Forgiveness program, eligible borrowers like teachers make student debt payments for a certain number of years and the rest should be forgiven. That hasn't always happened though.
Daniel Leal/AFP via Getty Images
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A window is closing for government, nonprofit employees to get student loans forgiven

by Samantha Fields
Oct 27, 2022
A federal program used to reject most applications. But a Biden administration waiver has allowed forgiveness for $14 billion in loans.
Among the Biden administration's policies affecting student loan holders is a temporary waiver easing requirements for the Public Service Loan Forgiveness program.
Anna Moneymaker/Getty Images
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COVID & Unemployment

Pandemic makes Public Service Loan Forgiveness more difficult

by Samantha Fields
Dec 9, 2020
For people pursuing student loan forgiveness, getting laid off means they're no longer able to make qualifying payments for PSLF.
Nearly 25% of people with student loans working in nonprofits or public service have had a significant change in their work situation during the pandemic, according to a recent survey from TIAA.
BrianAJackson/iStock via Getty Images
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