Student-loan forgiveness for borrowers in New York just got easier
Five months after taking office, Hochul on Tuesday released afor 2022, which outlines policies and plans to improve the lives of New Yorkers, from expanding the healthcare workforce to accelerating climate action. It also included plans to improve access to relief for the 2.4 million student-loan borrowers in New York.
According to the report, Hochul plans to protect student-loan borrowers in four ways, three of which are intended to make loan forgiveness more accessible: Automate"as much as possible" the application process for borrowers seeking to participate in the Public Service Loan Forgiveness program, which forgives student debt for public servers, like teachers and nonprofit workers, after ten years of qualifying payments.
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