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There's not much time left to find out if you qualify for a new provision in the federal government's Public Service Loan Forgiveness, or PSLF, program that could significantly reduce — or even eliminate — your student debt burden. You must apply by Oct. 31.

The PSLF program offers loan forgiveness after 120 qualifying monthly payments for borrowers in public service-sector jobs, including employment in military, federal, state, or local government as well as qualifying nonprofits. The program was at the center of reforms announced in 2021 and expanded in May of 2022.

The program is now part of a wide-ranging set of student debt relief measures announced by President Joe Biden in August. The U.S. Department of Education's office of Federal Student Aid offers a website with details on all the programs available and who qualifies for relief. Individuals specifically interested in the program that provides up to $20,000 in student loan debt relief can directly access that application online.

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