Dept of Ed Reports 350% Growth in PSLF Granted

The Dept of Education released its most updated report of PSLF activity and, from June 2019 to June 2020, tax-free loan forgiveness granted grew from $80 million to over $280 million, representing over 350% growth. While this data runs counter to what’s being generally reported in the media about the PSLF program and its high declination rate, we expect exponential growth to be reported in the years to come, with granted forgiveness approaching $20 BILLION in the next 3-4 years.

You can view the Dept of Ed data HERE.

About Author

Jason DiLorenzo

Jason is the Founder of BenElevate, an early stage fintech company working to address the student debt crisis by bringing to bear tools, expertise, and bespoke solutions to streamline student debt management for borrowers and employers.