President Biden announced an extension of student loan forgiveness through the Public Service Loan Forgiveness (PSLF) program, targeting teachers, nurses, service members, and law enforcement.
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Abbott lanza campaña internacional de anuncios publicitarios para disuadir cruces ilegalesGet ready for Insider Deals that offer great savings on gift ideas, home essentials and hair care products.President Joe Biden speaks during a Hanukkah reception in the East Room of the White House in Washington, Monday, Dec. 16, 2024. (AP Photo/Rod Lamkey, Jr.)The Education Department's announcement Friday targets teachers, nurses, service members, law enforcement officials and others who've reached eligibility through the program, which promises to erase loans after 10 years of work in government or nonprofit jobs.before President Joe Biden leaves office in January. After failing to deliver his promise of widespread loan cancellation, Biden has instead focused on expanding loan relief through programs that were created before his presidency. With the latest round of relief, Biden has now canceled an unprecedented $180 billion in federal student loans through existing programs, covering 4.9 million Americans. That includes $78 billion for roughly 1 million borrowers through PSLF. “From Day One of my Administration, I promised to make sure that higher education is a ticket to the middle class, not a barrier to opportunity,” Biden said in a statemen
STUDENT LOANS FORGIVENESS PSLF BIDEN EDUCATION
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Private Student Loan Refinancing Practices Under ScrutinyThe Consumer Financial Protection Bureau (CFPB) has flagged deceptive marketing practices by some private lenders regarding federal student loan refinancing. The CFPB warns that borrowers who refinance lose access to federal loan forgiveness programs, such as Public Service Loan Forgiveness (PSLF) and Teacher Loan Forgiveness (TLF), as well as one-off forgiveness efforts like President Biden's Plan B.
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Student Loan Forgiveness: Democrats' Three 'Concrete Steps' for BidenIn a letter, roughly 80 lawmakers asked the Department of Education to act swiftly regarding thousands of student loan borrowers.
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Biden Pursues New Student Loan Forgiveness Plan for 31 Million BorrowersPresident Biden is attempting to implement a new student loan forgiveness plan that would benefit 31 million borrowers. The plan faces legal challenges and criticism from Republicans.
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Student Loan Refinancing: CFPB Warns of Deceptive PracticesThe Consumer Financial Protection Bureau (CFPB) has issued a warning about deceptive practices used by private student loan lenders who market refinancing of federal student loans. The CFPB states that these lenders mislead borrowers about the loss of access to federal student loan forgiveness programs, such as Public Service Loan Forgiveness (PSLF) and Teacher Loan Forgiveness (TLF), when refinancing.
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