Public Service Loan Forgiveness fix benefits student loan borrowers [Video]

Post author By Curator
Post date December 8, 2022

Smiling female professor reading an e-mail on a computer in the classroom. Copy space.

Skynesher | E+ | Getty Images

In October 2021, the Biden administration announced a one-year opportunity for student loan borrowers pursuing the Public Service Loan Forgiveness to get closer to being debt-free.

Signed into law by then-President George W. Bush in 2007, the Public Service Loan Forgiveness program allows certain nonprofit and government employees to have their federal student loans canceled after 10 years, or 120 payments. However, the program has been plagued by problems, making people who actually get the relief a rarity.

Thanks to the policy fix known as the Limited PSLF waiver, close to 360,000 borrowers have now qualified for $24 billion in loan forgiveness, according to U.S. Department of Education data analyzed by higher-education expert Mark Kantrowitz.

The average borrower got …

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LOS ANGELES, Calif., Feb. 3, 2024 (SEND2PRESS NEWSWIRE) -- Many men and women who emigrate from Mexico to America do so not only for the promise of a better life for themselves and their children. They leave to help support families left behind with the dream of one day reuniting under better circumstances either at home or in their adopted country. But in many cases, this means families are separated for decades. - News from Church of Scientology International, issued by Send2Press Newswire

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To see the full story, go to https://www.consumerreports.org/babies-kids/strollers/best-stroller-and-car-seat-combinations-a7840266271/?EXTKEY=YSOCIAL_YTJoin CR at https://CR.org/joinviaYT to access our comprehensive ratings for items you use every day. CR is a mission-driven, independent, nonprofit organization.