"President Joe Biden's top student-loan official suggested relief might be extended for government and nonprofit workers," Business Insider reports.

"In October, the Education Department announced reforms to the Public Service Loan Forgiveness (PSLF) program, which is intended to forgive student debt for public servants after ten years of qualifying payments. Included in those reforms was a limited-time waiver through October 31, 2022 that would allow previously ineligible payments to qualify for the program, and the department estimated the waiver alone would bring 550,000 borrowers closer to relief. 

But October 31 is just over four months away, and head of Federal Student Aid Richard Cordray said during a National Association of Student Financial Aid Administrators (NASFAA) conference this week that he is worried the waiver will expire before all eligible borrowers can make use of it. 

'We are pushing hard to get approval if we can get it extended,' Cordray said."

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Publication Date: 6/29/2022