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Biden Administration on FEDRAL STUDENT LOAN FORGIVENESS PROGRAM

  US President Joe Biden announces student loan relief on August 24, 2022, in the Roosevelt Room of  ... [+] Student Loan Forgiveness For Borrowers Working In Public Service Jobs AFP VIA GETTY IMAGES The Biden administration has quietly updated the process borrowers can use to apply for a  key federal student loan forgiveness program  geared toward people who work in public service careers. The change may ultimately make it easier for borrowers to request relief and reduce the chances that an application gets rejected. Here’s what borrowers should know. Borrowers who commit to working in nonprofit or government jobs can qualify for Public Service Loan Forgiveness (PSLF), a program that provides complete federal student loan forgiveness in as little as 10 years (after 120 “qualifying” monthly payments). The PSLF program has historically had strict eligibility rules whereby only payments made on Direct-program federal student loans under specific repayment plans can qualify. Borrowers mu