News

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.

July 16, 2020 Rachelle Hampton, Slate

What It’s Like to Navigate the Very Confusing Public Service Loan Forgiveness Program

The story of Bob Schneider, 39, a state government employee in Colorado. I’ve worked for state government since 2006. The Public Service Loan Forgiveness program, which forgives a portion of student debt for public service workers, is pretty much a disaster.

July 15, 2020 Wesley Whistle, Forbes

New Data Released On Public Service Student Loan Forgiveness

The U.S. Department of Education has released updated data on student loan forgiveness under the Public Service Loan Forgiveness (PSLF) program. The Public Service Loan Forgiveness (PSLF) program provides student loan forgiveness to student borrowers who work in public service jobs and make on-time payments for 10 years.

June 22, 2020 Robert Farrington, Forbes

How To Improve Your Odds Of Getting Student Loan Forgiveness

Forgiveness programs for federal student loans always seem to be well-intentioned, but the way they’re rolled out can leave a lot to be desired. When you take a closer look at Public Service Loan Forgiveness (PSLF), for example, you’ll find a program with rules so complicated many applicants don’t really understand them.

June 14, 2020 Aarthi Swaminathan and Reggie Wade, Yahoo! Finance

‘Designed to fail’: Two public servants describe the government’s troubled student loan forgiveness program

One is a tale of success through sheer will, while the other is a tale of disappointment. “It was about the most confusing thing I've ever seen in my life, and I'm just being honest,” Ami Sandler, a California-based teacher, told Yahoo Finance. “It was the most tedious, most complicated thing I've ever seen.”