Advocates are scrambling to get the word out to public service workers that they could be eligible for a federal program that could wipe out or reduce student loan debt.
The federal government plans to forgive up to $20,000 in student loan debt for millions of Americans. Here’s everything you need to know.In addition to working in public service and making 120 qualifying payments over 10 years, borrowers must meet other criteria.
Many borrowers could receive enough credit to have the rest of their loan balances canceled, advocates say. Others will receive credit for loan payments they’ve already made, partially reducing their loans and putting them closer to becoming debt-free sooner.
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