Biden Announces $4.28 Billion in Student Loan Forgiveness for 55,000 Public Service Workers

The Biden administration has approved $4.28 billion in student loan forgiveness for 55,000 public service workers, bringing the total debt relief to nearly $180 billion for 4.9 million borrowers. This follows a 2021 overhaul of the Public Service Loan Forgiveness program to simplify the process.