Biden Administration Making Changes To Troubled Student Loan Program

Kim Hebert, an elementary school teacher, struggles with over $65,000 in student debt. She relies on selling blood plasma to manage her finances. Despite working in public service for 15 years, she was denied loan forgiveness under the PSLF program due to having the wrong type of loan. The Biden administration is implementing reforms to address these issues, including a temporary waiver for past payments. These changes could forgive $30,000 of Hebert's debt, significantly improving her financial situation.

What financial challenge is Kim Hebert facing?

• Student loan debt

• Mortgage payments

• High medical bills

• Credit card debt

What was the main reason Kim Hebert was denied loan forgiveness?

• She applied too late

• She didn't work in public service

• She missed payments

• She had the wrong type of loan

What percentage of borrowers are rejected from the PSLF program?

• 100%

• 98%

• 75%

• 50%

What is one of the steps the Biden administration is taking to improve the PSLF program?

• Increasing interest rates

• Offering more loans

• Providing a temporary waiver for past payments

• Eliminating the program

How could the changes to the PSLF program impact Kim Hebert's life?

• She could pay off her credit card debt

• She could start a new job

• She could buy a house

• She could travel more