Nearly $6 Billion in Student Loan Debt Canceled for Public Servants
The Biden Administration canceled an additional $5.8 billion in student loan debt for public servants. Some 77,700 borrowers working in public service jobs including teachers, firefighters, and nurses, will see their debt forgiven in these latest changes made to the Public Service Loan Forgiveness (PSLF) program.
“From day one of my Administration, I promised to fix broken student loan programs and make sure higher education is a ticket to the middle class, not a barrier to opportunity. I won’t back down from using every tool at my disposal to deliver student debt relief to more Americans, and build an economy from the middle out and bottom up,” President Biden said in a statement.