Don’t give up on public student loan forgiveness

Source: Ryan Lane - Nerd Wallet

New data from the U.S. Department of Education show that 518 borrowers’ federal student loans have been canceled via Public Service Loan Forgiveness as of March 2019.

The average amount forgiven was $59,244.

While fewer than 1% of those who have applied for forgiveness have been successful, the low approval rate isn’t necessarily unexpected — and it doesn’t mean PSLF is hopeless.

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