By the tens of thousands …
(30,000 almost)
Under Betsey DeVos the Education went out of it’s way to disqualify people from getting payment credits to reduce or erase outstanding loan balances….
THAT is not longer the case….
President Biden does NOT want to do blanket forgivness of outstanding Stident loan debt…
His people are doing things this way…
The Public Service Loan Forgiveness program was signed into law by President George W. Bush in 2007 and provides an incentive for workers to remain in lower-paying, public service jobs despite their student debt.
Teachers, social workers and first responders can be eligible as well as doctors and lawyers — if they were employed full time by a nonprofit or the government while making payments.
After borrowers make 10 years of qualifying monthly payments, their remaining federal student debt is wiped away.
But the program has long been criticized for being difficult to navigate, with borrowers receiving little help from their loan servicers, the companies that handle the billing. Many borrowers have said they found out they weren’t eligible for forgiveness only after making what they thought were a decade’s worth of qualifying payments.