In 2021, the Department of Education (DOE) overhauled the PSLF program, which made more people eligible for forgiveness sooner. Since that time, 44,150 Pennsylvania public service workers have had more than $3.15 billion of student loans canceled, according to a fact sheet from the DOE, with a total of $175 billion forgiven for more than 4.8 million people nationwide.
Tag Archives: Student Debt
Biden proposes new student debt relief plan for millions of borrowers
The plan, if finalized, would include a one-time cancellation of all accrued interest for 23 million borrowers. It would also cancel the full amount of student loan debt for 4 million borrowers and provide more than 10 million borrowers with at least $5,000 in student debt relief.
Biden announces $6 billion in student debt relief for public service workers
An estimated 78,000 teachers, firefighters, and nurses are among the group of borrowers who will see their debts canceled under the Public Service Loan Forgiveness program.
Biden is forgiving another $1.2 billion in student loan debt starting today
President Joe Biden is slated to announce Wednesday during his fundraising trip to Los Angeles that his administration will cancel another $1.2 billion in student loan debt — this time for about 153,000 borrowers. All of them have been approved for the shortened repayment period benefit under the Saving on a Valuable Education (SAVE) Plan.
Biden announces plan to cancel some student loan balances under $12,000
President Joe Biden announced Friday that some federal student loan borrowers will have their loans cancelled under the Department of Education’s new repayment plan.
Pennsylvanians Look to SAVE Plan to Help with Student Loan Debt
The new student loan forgiveness plan known as “SAVE” could lower monthly bills and reduce the amount some borrowers have to pay back over the lifetime of their loans.
AG Josh Shapiro secures student debt relief for Pennsylvanians hurt by Sallie Mae “scam”
After several years of litigation co-led by Pennsylvania’s Attorney General Josh Shapiro, officials announced a settlement targeting Navient, formerly known as Sallie Mae.