Biden administration overhauls student loan forgiveness program for public-sector workers



Biden administration expands student loan forgiveness eligibility

The Biden administration on Wednesday announced changes to the federal student loan forgiveness program that would allow thousands more public sector workers, including members of the military, to seek a reprieve on their educational debts. The new policies outlined by the U.S. Department of Education would affect an estimated 550,000 borrowers and give them an extra two years of progress toward forgiveness, officials said in a statement, outlining changes that run through Oct. 31, 2022. “Teachers, nurses, first responders, service members, and so many public service workers have had our back especially amid the challenges of the pandemic,” U.S. Secretary of Education Miguel Cardona said.

Source link

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More