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Troubled student loan forgiveness program for military and other public servants gets an overhaul

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Tony

Tony

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The Biden administration is temporarily relaxing the rules for a student loan forgiveness program that has been criticized for its notoriously complex requirements — a change that could offer debt relief to thousands of military members, teachers, social workers and other public servants.

The Education Department said Wednesday it will drop some of the toughest requirements around Public Service Loan Forgiveness, a program that was launched in 2007 to steer more college graduates into public service but, since then, has helped just 5,500 borrowers get their loans erased.

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