Weeks before student loan payments are set to resume after being suspended during the pandemic, 30,000 people are seeing loan forgiveness become a reality. The Biden administration’s changes to the Public Service Loan Forgiveness program are going into effect. The teachers and nurses and paramedics and librarians and state and local government employees who the program was designed to help are finally getting their due. Under the program’s original design, public service workers were supposed to get loan forgiveness after making 120 payments over 10 years. But the vast, vast majority of people who were supposed to be helped instead found themselves snagged on one technicality after another, and the program fulfilled its promise to almost no one, with just over 16,000 people having ever gotten relief at the time the Biden administration took action. Read more