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The Biden administration has touted the benefits of the Public Service Loan Forgiveness (PSLF) program -- and teachers are sharing how they are among those benefiting As President Joe Biden moves forward with a second attempt at student loan debt forgiveness, following a 6-3 defeat at the Supreme Court, his administration has also been touting the benefits of the Public Service Loan Forgiveness (PSLF) program as another option for some borrowers -- and teachers are sharing how they are among those benefiting. The PSLF program was first congressionally authorized in 2007, during the Bush administration, to cancel student debt for government employees like educators, firefighters and police officers as well as not-for-profit employees and others providing public services who make at least 10 years of payments on their loans. However, the original PSLF program was "poorly implemented" and many borrowers weren't successfully able to receive forgiveness , according to U.S. Ed...

Joe Biden is launching a new effort with the Higher Education Act to forgive at least some student loan debt after the Supreme Court ruling against him President Joe Biden is launching another effort to forgive at least some federal student loan debt after the Supreme Court last week struck down his initial proposal to wipe away as much as $20,000 for borrowers. The White House's new approach is based on the Higher Education Act (HEA) of 1965, which provides government-backed student loans and grants the U.S. Education Department the ability to "compromise, waive or release loans." Further details will be revealed during a rulemaking process: Implementing any changes will take multiple steps over months, the National Economic Council's deputy director, Bharat Ramamurti, told reporters on Friday. It's unclear if any debt cancellation offered through HEA would be of a similar scope and scale as Biden's first program, which the White House said covered 43 m...