American Federation of Teachers and Summer Reach $22 Million in Realized Student Loan Forgiveness
The American Federation of Teachers , an affiliate of the AFL-CIO that represents more than 1.7 million members, in partnership with Summer , a Certified B Corporation whose digital education assistance solution empowers individuals to reach their financial goals, today announced it has helped nearly 25,000 teachers with their student debt, connecting borrowers to $22 million in realized student loan forgiveness.
- The American Federation of Teachers , an affiliate of the AFL-CIO that represents more than 1.7 million members, in partnership with Summer , a Certified B Corporation whose digital education assistance solution empowers individuals to reach their financial goals, today announced it has helped nearly 25,000 teachers with their student debt, connecting borrowers to $22 million in realized student loan forgiveness.
- “While the Biden Administration’s student loan forgiveness plan hangs in the balance at SCOTUS, we continue to fight to keep the promise of Public Service Loan Forgiveness for America’s teachers, nurses and all public employees,” said Randi Weingarten, President of AFT.
- Through the Public Service Loan Forgiveness (PSLF) program, Summer has helped AFT members see $22 million in student loans canceled to date.
- Additionally, AFT members enrolled in an Income-Driven Repayment plan through Summer are anticipating an average of nearly $53,000 over the lifetime of their loan.