There are several other ways many of the 43 million federal student loan borrowers may qualify for student debt relief.
It could be a pivotal week for millions of Americans waiting for word on President Biden's student loan forgiveness plan.forgiveness program is at the mercy of the Supreme Court, and student loan borrowers could be waiting weeks, if not months, to hear whether the program is allowed to go into effect.
If all of those requirements are met and a borrower has submitted the PSLF form to the Department of Education, the government will cancel his or her remaining federal student loan debt. The new rules will also simplify the criteria to meet the requirement that a borrower be a full-time employee in a public sector job. The new standard will consider full-time employment at 30 hours a week. In particular, the change will help adjunct faculty at public colleges qualify for the program.
There are some groups of students that the Department of Education has already determined are automatically eligible for borrower defense to repayment, like those who attended Corinthian Colleges from its founding in 1995 to its closure in April 2015.
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