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Biden to Cement Overhaul of Student Loan Forgiveness Program for Public Service Workers
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The Biden administration is moving to make its overhaul of a student-loan forgiveness program for public-service workers permanent, allowing borrowers in professions such as teaching, nursing and public-interest law to get debt relief after 10 years of monthly payments.
The changes to the Public Service Loan Forgiveness Program, set to take effect in July, will allow future borrowers to stay on track for forgiveness even for monthly payments that are partial or late. They will also make it easier for borrowers whose payment plans are paused due to a military deployment, service in the Peace Corps or AmeriCorps, or are experiencing a period of economic hardship.
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