U.S. Secretary of Education Betsy DeVos (Photo by Joe Raedle/Getty Images) Getty ImagesBetsy DeVos has a plan to fix student loan forgiveness. Student Loan ForgivenessDeVos is simplifying the forms for student loan forgiveness. The program provides student loan forgiveness for borrowers who sought public service loan forgiveness, but were rejected because they selected an ineligible student loan repayment plan. To qualify for TEPSLF, student loan borrowers previously needed to pursue PSLF to receive student loan forgiveness. With student loan refinancing, you combine your existing private student loans, federal student loans or both into a new, single student loan with a lower interest rate and one monthly payment.

Source: Forbes January 31, 2020 18:24 UTC