A short-lived program in the early 2000s allowed married couples to consolidate their student loans for a lower interest rate. Now, many are missing out on thousands of dollars in loan forgiveness.
Teachers, firefighters and government workers are clamoring to disentangle their student loans from those of their spouse in time to erase their debt with Public Service Loan Forgiveness (PSLF). President Biden revamped the program last October, but in order to receive the benefits — including forgiveness for student loans after 120 qualifying payments — borrowers must have their paperwork in by October of this year.
