9m Pslf Student loans Debt Forgiveness

Statistics on student loan forgiveness show that, while more students got rid of their loans in 2021 than ever before

The amount of money that was forgiven was less than 0.6% of the total amount of outstanding student loan debt in the country

Since November 2020, 2.16 percent of the Public Service Loan Forgiveness (PSLF) applications that were processed were approved

6,7% of people who are eligible for loan forgiveness apply for it

Before 2021, 463,444 students had their loans forgiven in full or in part through programmes run by the federal government

At that time, the federal government forgave student loans at a rate of $95.45 per student with debt

In 2021, at least 30,000 more borrowers will have their obligations forgiven through PSLF

The U.S. Department of Education (ED) thinks that temporarily expanding eligibility could help 550,000 borrowers in the long run

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