President Trump will sign an executive order today limiting eligibility for the Public Service Loan Forgiveness (PSLF) program. This action targets organizations deemed to be engaging in illegal or improper activities, according to the President’s remarks from the Oval Office. The PSLF program, enacted in 2007, forgives federal student loans for qualifying government and non-profit employees after a decade of payments. This move follows Trump’s broader crackdown on immigration and diversity initiatives, sectors where many affected non-profits operate.
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The Biden administration has approved an additional $4.28 billion in student loan forgiveness, benefiting 55,000 public service workers enrolled in the Public Service Loan Forgiveness (PSLF) program. This brings the total number of borrowers receiving debt relief under the Biden administration to nearly five million. These recent approvals, largely due to program simplification efforts, follow years of criticism regarding the PSLF program’s complexity. The administration cites this action as fulfilling its promise to ease the burden of student loan debt and create economic opportunities for millions of Americans.
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President Joe Biden’s recent announcement of a plan to cancel nearly $4.3 billion in student loan debt for approximately 55,000 public sector workers is a significant step in addressing the burden of student loan debt. This action, taken in the final weeks of his administration, aims to provide relief to those who have dedicated their careers to public service.
The move brings the total number of individuals receiving debt relief under Biden’s administration to nearly 5 million, with a total forgiveness amount exceeding $180 billion. This substantial investment in debt cancellation has the potential to significantly improve the financial well-being of many public servants and boost their overall quality of life.… Continue reading
John Q. Hosedrinker 
Matt Underwood