A Student-Loan Forgiveness Program for Public-Service Workers Has a 98% Denial Rate. 56 Democrats Say It's Time for Biden to Fix It.
President Joe Biden campaigned on reforming the Public Service Loan Forgiveness (PSLF) program, which he — along with many lawmakers in past years — said is failing borrowers due to its low approval rate. His campaign website said: “Biden will see to it that the existing Public Service Loan Forgiveness Program is fixed, simplified, and actually helps teachers.” On Wednesday, 56 Democratic lawmakers urged Biden to follow through on his promise. Senate and House Democrats, led by Sens. Tim Kaine of Virginia, Kirsten Gillibrand of New York, and Rep. John Sarbanes of Maryland, wrote a letter to Biden's Education Secretary Miguel Cardona stressing the need to improve the PSLF program to give public servants the loan forgiveness they deserve.... Sarbanes said on Twitter: “We must ensure that America's teachers, social workers, public defenders, service members and community health care workers — along with many other public servants — receive the student loan forgiveness they have earned.”