The relief will benefit 54,900 people, bringing the administration’s total loan forgiveness to over $180 billion, according to the Education Department.
On Friday, the Biden administration announced $4.28 billion in additional student debt cancellation for borrowers who work in public service across the country. The government funds will benefit 54,900 people, bringing the administration’s total loan forgiveness to over $180 billion, according to the Education Department.
Education Secretary Miguel Cardona lauded the extra loan forgiveness, writing in a statement, “Four years ago, the Biden-Harris Administration made a pledge to America’s teachers, service members, nurses, first responders, and other public servants that we would fix the broken Public Service Loan Forgiveness Program, and I’m proud to say that we delivered.”
“With the…
