WASHINGTON — The Biden administration announced a milestone Thursday in its effort to cancel Americans’ student debt: it has provided relief to more than one million borrowers who work in public service.
Through the Department of Education’s Public Service Loan Forgiveness Program, the administration approved about $4.5 million in additional student loan relief for more than 60,000 borrowers, bringing the total relief through that program to $74 million for more than 1 million people.
That brings the total amount of student debt relief under the administration to $175 billion for more than 4.8 million borrowers over the nearly four years President Joe Biden has been in office, the department said.
The Education Department said that before Biden’s presidency, only 7,000 public servants had ever received student debt relief through the Public Service Loan Forgiveness Program. The program was previously “riddled by dysfunction,”…
