Attorney General Tong Urges the Biden Administration to Provide More Time and Opportunity for Borrowers to Achieve Loan Forgiveness
(Hartford, CT) – Attorney General William Tong joined a coalition of 20 states in urging the Biden Administration to extend and expand temporary changes to the Public Service Loan Forgiveness (PSLF) Program to provide borrowers with more opportunities to get closer to loan forgiveness faster. Under the PSLF Program, remaining balances on federal Direct Loans are forgiven after borrowers – dedicated public servants such as teachers, firefighters, nurses, police officers – make 120 qualifying payments while working full-time for a qualifying employer. However, due to the PSLF Program’s complexity and poor management, millions of public service workers have been unable to access forgiveness, and the program’s denial rates have been as high as 99 percent. To restore the promise of…
