DOE: 616,000 Public Employees Got Student Loan Forgiveness After Biden Loosened Rules

Nearly 616,000 public-sector employees have had their student loan debts forgiven since October of 2021 after President Joe Biden’s administration temporarily loosened the rules on the Public Service Loan Forgiveness (PSLF) program.
The U.S. Department of Education (DOE) announced that in total, $42-billion-worth of loans have been forgiven under the Biden-era PSLF rules—a total that represents around $68,000-worth of loans forgiven for each of the nearly 616,000 public-sector employees involved. Some 610,000 people have already had their student loans discharged, and another 6,000 will soon see their student debt erased.
Under the normal policies, the PSLF program allows for the forgiveness of all student loans after a 10-year period of qualifying public sector employment—as long as the public sector employee made their monthly payments through a qualifying loan repayment plan. The temporary Biden-era PSLF rules allowed for previously ineligible loan types and payment plans to count toward the 10 years of loan payments needed to qualify for full loan forgiveness through the PSLF program. The temporary rules allowed public sector employees until October of 2022 to apply for a PSLF waiver….

13 thoughts on “DOE: 616,000 Public Employees Got Student Loan Forgiveness After Biden Loosened Rules

  1. I’m not that much of a online reader to be honest but your sites really nice, keep it
    up! I’ll go ahead and bookmark your website to come back down the road.
    Cheers

  2. Can I just say what a relief to discover someone who really knows what they are talking about online.
    You actually understand how to bring an issue to light and make it important.

    More and more people ought to read this and understand this side of your story.
    I was surprised you are not more popular since
    you most certainly have the gift.

  3. Hello there, You’ve done an excellent job. I will
    certainly digg it and personally recommend to my friends.
    I am confident they’ll be benefited from this site.

  4. Hello just wanted to give you a quick heads up and let
    you know a few of the pictures aren’t loading correctly.
    I’m not sure why but I think its a linking issue. I’ve
    tried it in two different internet browsers and both show the same results.

  5. Asking questions are actually fastidious thing if you are not understanding something totally, except this post presents good
    understanding even.

  6. Sweet blog! I found it while browsing on Yahoo News.

    Do you have any suggestions on how to get listed in Yahoo News?

    I’ve been trying for a while but I never seem to get there!
    Cheers

  7. Howdy would you mind stating which blog platform you’re working with?
    I’m planning to start my own blog in the near future
    but I’m having a difficult time choosing between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your layout seems different then most blogs and I’m looking for something completely unique.
    P.S Apologies for getting off-topic but I had to ask!

Leave a Reply

Your email address will not be published. Required fields are marked *