453,000 Borrowers Approved For Student Loan Forgiveness Under Waiver As Processing Continues
Adam S. Minsky
March 29, 2023
Nearly half a million people have been approved for federal student loan forgiveness under a one-time waiver program geared toward borrowers working in public service jobs.
Processing is continuing. Many more borrowers may ultimately qualify, even while another Biden administration initiative — the one-time mass student debt relief plan — remains blocked by federal courts.
Student Loan Forgiveness Under PSLF Waiver Accelerates
Public Service Loan Forgiveness is a federal student loan forgiveness program that can eliminate the federal student loan debt for borrowers who commit to public service careers. After 120 “qualifying payments” (equivalent to 10 years) while working for approved nonprofit or government employers, borrowers can receive a complete discharge of their federal student debt.
