The Public Service Loan Forgiveness program has forgiven nearly $68,000 per borrower in Texas, according to the U.S. Department of Education.
While the Supreme Court is still deciding on mass student loan forgiveness, nearly 40,000 student loan borrowers in Texas have been approved via the Public Service Loan Forgiveness program.
After the initial 120 payments are made, the remaining federal student loan balance for those who qualify is forgiven. In a press release, the U.S. Department of Education said it has approved nearly 616,000 borrowers nationwide for approximately $42 billion in PSLF loans.
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