The U.S. has approved more than $42 billion in federal student loan debt forgiveness in the past 18 months as part of a program aimed at getting more people to work in public service jobs. Here's what to know:
The Public Service Loan Forgiveness program, known as PSLF, was launched in 2007, but stringent rules meant that more than 90% of applicants were rejected, the Department of Education said in 2019.
One of the people who benefited from the PSLF waiver was Beth Bourdon, an assistant public defender in Orlando, Florida. “I kept checking and re-checking the site, and one day I went and the balance was zero,” Bourdon said. “Two days later I got the official letter.”
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