# Public service loan forgiveness
New Legislation Enables Public Servants’ Immediate Access to Student Loan Forgiveness
A shot of Boston Town Hall in Boston, New York.Photo by J.M. Lesinski. New York State Governor Kathy Hochul recently simplified access to the federal Public Service Loan Forgiveness (PSLF) program across New York state. PSLF rewards public service work via cancellation of a portion of borrowers’ federal student loans, requiring full-time employment and one hundred and twenty qualifying payments toward their existing student loan before it is forgiven.
58-Year-Old Dad Sleeping in His Basement in Attempt to Pay Off Kids $273,000 Student Loan Debt
A father of two is drowning in student loan debt as a result of putting his two children through college a few years ago. The man, George Botelho, a Boston resident, depleted his savings in addition to taking out Parent Plus loans over the course of eight years in order to make sure his kids received their degrees. A few years later, his life took a turn when he went through a divorce that left his finances devastated.