The Biden administration on Wednesday unveiled details of a major overhaul of the Public Service Loan Forgiveness (PSLF) program, making it easier for long-time public-sector workers to qualify for student loan debt relief.
Congress created the PSLF program in 2007 to encourage college graduates to pursue public service careers. Borrowers who are employed 10 years in public service, including teachers, firefighters, law enforcement, and some nonprofit workers, while also making 120 qualifying monthly payments toward their student loans, could request to have the remainder of those loans wiped out.
