ED Says More Borrowers Eligible for Loan Forgiveness Through PSLF

By Owen Daugherty, NASFAA Staff Reporter

More borrowers have been granted loan forgiveness through the temporarily expanded Public Service Loan Forgiveness (PSLF) program, with the Department of Education (ED) announcing Wednesday that more than 100,000 borrowers have been identified as qualifying for roughly $6.2 billion in student loan forgiveness.

The tally is continuing to grow, as ED in January said the count was 70,000 borrowers totalling more than $5 billion in debt relief.

"The PSLF announcement made today means more of our dedicated teachers, nurses, first responders, servicemembers, and many other public service workers will get meaningful relief,” said Education Secretary Miguel Cardona.

The announcement follows action by the Biden administration in October allowing borrowers to receive credit for previous payments that may not have otherwise qualified, among other expansions opening the door to thousands of additional borrowers.

Publication Date: 3/11/2022

David S | 3/11/2022 10:13:44 AM

Elections matter. This wouldn't have happened between 1/20/17 and 1/20/21.

You must be logged in to comment on this page.

Comments Disclaimer: NASFAA welcomes and encourages readers to comment and engage in respectful conversation about the content posted here. We value thoughtful, polite, and concise comments that reflect a variety of views. Comments are not moderated by NASFAA but are reviewed periodically by staff. Users should not expect real-time responses from NASFAA. To learn more, please view NASFAA’s complete Comments Policy.

LOG IN

ADD TO FAVORITES

ED Says More Borrowers Eligible for Loan Forgiveness Through PSLF

Related Content