News

December 20, 2021 Cory Turner, NPR

1 borrower’s student debt is erased with loan forgiveness program overhaul

With the Biden administration loosening the rules of the troubled Public Service Loan Forgiveness program, one borrower, a special education teacher on the verge of retirement, got some good news.

December 16, 2021 Adam S. Minsky, Forbes

Student Loan Forgiveness: Biden Administration Considers More Changes To Program For Public Service Workers

The Biden administration is considering even more changes to the PSLF program. These changes could go above and beyond some of the recent temporary reforms that the Department of Education is currently rolling out. Here’s the latest.

December 14, 2021 Annie Nova, CNBC

Her student loans were forgiven. Then the Education Department refunded her $20,000 for years of overpayment

Karen Tongson never imagined a moment when she wouldn’t be paying back her student loans.As a professor at the University of Southern California, the Los Angeles resident qualified for PSLF but had heard too many stories of borrowers not getting the government’s promise of debt cancellation to believe she ever would. Last month, after years of waiting, Tongson found that her student loan balance had dropped to $0.

December 6, 2021 State of California Department of Justice

Biden Administration’s Sweeping Overhaul of Public Service Loan Forgiveness Program Achieves Goals of Lawsuit

California Attorney General announced that the Biden Administration’s actions to mend the Public Service Loan Forgiveness (PSLF) and Temporary Expanded Public Service Loan Forgiveness (TEPSLF) programs have achieved the goals of litigation filed by the California Department of Justice (DOJ) in June 2020 and warrant dismissal of the lawsuit. The lawsuit sought to compel the U.S. Department of Education (ED) to comply with implementation requirements for the TEPSLF program after nearly all of the public servants who applied for student loan forgiveness had their applications denied.

December 3, 2021 CNBC.com

‘The long nightmare was over’: This 36-year-old just had $167,000 in student loan debt forgiven

Most mornings, Christopher Handley diligently logged into his FedLoans account to check how much remained of his $167,000 student loan balance from college and law school. He had recently made the 120 necessary on-time payments and submitted his forgiveness application, and had been eagerly anticipating his balance reset.

October 20, 2021 Cory Turner, NPR

Student loan forgiveness is a lot closer for some borrowers, and they are pumped

October 14, 2020 Zack Friedman, Forbes

Here’s How To Get Student Loan Forgiveness

You may be wondering: “How can I cancel my student loan debt?” It’s a common question, especially during the Covid-19 pandemic. While there have been several proposals in Congress to cancel student loan debt, none have become law. Therefore, you can’t expect that you will get automatic student loan forgiveness in the near-term. (Some student loan forgiveness was even dropped from the most recent stimulus bill). So, what’s the best strategy to get student loan forgiveness?

August 12, 2020 Jillian Berman, MarketWatch

After 6 years, this nurse practitioner was told her public-service job did not qualify for student-debt forgiveness

There are ‘huge financial consequences to somebody telling you your employer qualifies and reneging on that decision’ For about six years, Olivia Straw was making payments on her student loans, assuming they’d eventually be forgiven. There was no reason for her to question the assumption that she’d qualify for Public Service Loan Forgiveness, a program that allows public servants to have their federal student loans forgiven after 120 monthly payments.

August 10, 2020 Wesley Whistle, Forbes

Trump’s Executive Order Hurts Those Seeking Student Loan Forgiveness

Over the weekend, President Trump extended the student loan repayment suspension for another three months. This is a big win for many student borrowers, but some won’t be so happy.

July 28, 2020 Wesley Whistle, Forbes

Senators Call For Student Loan Forgiveness Fix In Stimulus Package

A group of Democratic senators are calling for a fix to the Public Service Loan Forgiveness (PSLF) program to be included in the next Senate stimulus package. In a letter to Senate Majority Leader Mitch McConnell and Senate Minority Leader Chuck Schumer, 18 Democratic senators are asking the Senate to include provisions from the What You Can Do For Your Country Act in the bill.