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May 15, 2023

The US has approved $42B in loan forgiveness for public service workers. Here's what to know

  • The Public Service Loan Forgiveness program is open to teachers, librarians, nurses, public interest lawyers, military members and other public workers.
    • By ADRIANA MORGA and CORA LEWIS
    Associated Press

    The U.S. has approved more than $42 billion in federal student loan debt forgiveness for more than 615,000 borrowers in the past 18 months as part of a program aimed at getting more people to work in public service jobs, the U.S. Department of Education said last week.

    The Public Service Loan Forgiveness program is open to teachers, librarians, nurses, public interest lawyers, military members and other public workers. It cancels a borrower's remaining student debt after 10 years of public interest work, or 120 monthly payments.


     
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