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Student Loan Forgiveness

Post-high school education is a means to a successful future, but due to skyrocketing costs, a college education has become out of reach for many, and others have seen their economic progress post-graduation halted by student loan debt. If you have student loans and are looking for relief, we’re excited to announce that there are two ways that you as a government employee may be eligible for loan forgiveness.

1. Public Service Loan Forgiveness

If you have worked in public service (federal, state, local, tribal government or a non-profit organization) for 10 years or more (even if not consecutively), you may be eligible to have all your student debt canceled. Now, for a limited time, it is easier than ever to receive that forgiveness, or get credit toward forgiveness, if you have not yet served 10 years. But you must apply before October 31, 2022. https://www.whitehouse.gov/publicserviceloanforgiveness/…

2. Federal Student Loan Debt Relief

The presidential administration’s student debt relief portal is officially available. Federal student loan borrowers will receive up to $10,000 in relief and Pell Grant recipients will receive up to $20,000—as long as they meet income requirements. To be eligible, borrowers must have earned less than $125,000 as an individual or $250,000 as a household in 2020 or 2021. You have until December 31, 2023, to apply. https://studentaid.gov/debt-relief/application

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