Biden Cancels $4.5 Billion in Student Debt, Total Forgiveness for Public Workers Exceeds 1 Million

Oct 17, 2024, 10:35 AM

The Biden administration announced on Thursday that it is forgiving an additional $4.5 billion in student debt for over 60,000 borrowers in public service. This move, through the Public Service Loan Forgiveness (PSLF) program, brings the total number of public service workers who have had their student loans canceled to more than 1 million, up from just 7,000 before the program was updated two years ago. The debt relief comes as other forms of student loan forgiveness remain blocked in court.