Parents – Do you Or Your Child Qualify for Public Service Loan Forgiveness?

The Biden Administration’s temporary rule changes to the PSLF program are poised to impact hundreds of thousands of borrowers. “Since PSLF launched in 2007, only 16,000 participants have received forgiveness—but that’s not for borrowers’ lack of trying. Only 2.1 percent of applicants have been approved in the program’s lifetime, which critics say is the result of rampant mismanagement, unfair review practices, and an inadequate program design from the start,” says Laurel Taylor, CEO, FutureFuel.io, a platform designed to address student debt, tells Parents. “But the waiver has the potential to reach hundreds of thousands more borrowers.” Read more >>