Over 60,000 public servants obtain student loan relief

The Biden-Harris Administration approved roughly $4.5 billion in student loan forgiveness for over 60,000 public service workers nationwide, a significant expansion of the Public Service Loan Forgiveness (PSLF) Program. The action brings the administration’s total loan forgiveness to over $175 billion for more than 4.8 million Americans, with $74 billion explicitly benefiting public servants through PSLF, reaching over one million individuals, including teachers, nurses, social workers, and veterans.The improvements to PSLF come despite continued opposition from MAGA Republicans and setbacks from the U.S. Supreme Court. “Higher education should be a pathway to economic opportunity—not a lifetime of debt,” Vice President Kamala Harris, the Democratic presidential nominee, said. “When President Biden and I took office, only 7,000 people had ever been approved for Public Service Loan Forgiveness. Today, I am proud to say that a record one million teachers, nurses, first responders, social workers, and other public service workers have received student debt cancellation.”Before the Biden-Harris Administration, the PSLF Program, which forgives the remaining student loan balance for borrowers who make 120 qualifying monthly payments while working in public service, had significant problems. Secretary of Education Miguel Cardona pointed out that “countless public servants were trapped making payments on debts that...