President Joe Biden’s administration’s Education Department announced plans Wednesday to overhaul its loan forgiveness program to provide further debt relief to public sector workers.
Under the changes, public sector workers will qualify for debt relief more easily to further assist the over 550,000 borrowers enrolled in the program, the Education Department said. Enacted in 2007, the Public Service Loan Forgiveness (PSLF) program cancels loans of public servants like teachers, nurses and firefighters after 10 years of public service with the goal of recruiting more workers for “high-need fields” and allowing borrowers to stay in their jobs.
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