"Biden Administration Forgives $5.8 Billion in Student Debt for 78,000 Public Service Workers"

1 min read
Source: US Department of Education
TL;DR

The Biden-Harris Administration has approved an additional $5.8 billion in student loan debt relief for 77,700 borrowers, bringing the total loan forgiveness to $143.6 billion for 3.96 million Americans. This includes fixes to the Public Service Loan Forgiveness (PSLF) program, with nearly 380,000 public service workers set to receive forgiveness within two years. The Administration has also provided relief through income-driven repayment plans and for borrowers affected by school-related issues, totaling $45.6 billion and $22.5 billion respectively.

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