"Public Service Loan Forgiveness: Eligibility and Progress Updates"

The US Department of Education has approved over $42bn in federal student loan debt forgiveness for more than 615,000 borrowers in the past 18 months as part of the Public Service Loan Forgiveness program. The 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. The program is separate from President Joe Biden’s student debt relief plan, which would wipe away or reduce loans for millions of borrowers regardless of what field they work in.