The department is making some other changes to the PSLF program to make it easier for borrowers to apply. The waiver ended after October 2022, though some applications filed under the waiver are still being processed. All payments were eligible for the Public Service Loan Forgiveness program if the borrower was working full time for a qualifying employer. Those with Federal Family Education Loans, which were made by private lenders but backed by the government, did not qualify.īut under the temporary waiver, it no longer mattered what kind of federal student loans borrowers have or what repayment plans they were enrolled in. Previously, eligibility hinged on having a federal Direct Loan and being enrolled in an income-driven repayment plan, which sets payments based on income and family size. In October 2021, the Biden administration created a one-year waiver that expanded eligibility for the PSLF program. The administration’s separate, one-time student loan forgiveness program is currently held up in court after several Republican-led states sued, arguing the executive branch does not have the power to implement the proposed debt relief. “The difference that Public Service Loan Forgiveness is making in the lives of hundreds of thousands of Americans reminds us why we must continue doing everything we can to fight for borrowers and why families cannot afford to have progress derailed by partisan politicians,” he said. “Since Day One, the Biden-Harris Administration has worked relentlessly to fix a broken student loan system, including by making sure we fulfill the promise of Public Service Loan Forgiveness for those who have spent a decade or more serving our communities and our country,” Secretary of Education Miguel Cardona said in a statement. The targeted debt relief program was created in 2007 but was riddled with problems, and a very small percentage of people who applied had received forgiveness before 2021, prompting the Biden administration to make changes. Just 7,000 borrowers had been approved for relief under the Public Service Loan Forgiveness program during the Trump administration, according to the department. Have you received student debt forgiveness since Biden took office in 2021? Tell us
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