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Student loan forgiveness overhaul: Here’s what will change and how you could benefit right away

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When Congress created it in 2007, the Public Service Loan Forgiveness program helped convince many college grads to accept lower-paying public jobs as teachers, nurses, and first responders. The government promised if they made 10 years’ worth of timely payments, whatever student loan debt they still had would vanish. Unsurprisingly, since then a ton of borrowers eager for relief have told the government they did as asked and have met PSLF’s loan forgiveness requirements, yet practically all of them have been rejected. (Out of 1.3 million applicants, the government has discharged the debts of just 16,000 of them.)

Today, the Biden........

© Fast Company

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