Official announcements from the U.S. Department of Education or White House press releases

Biden Forgives $4.5 Billion in Student Debt, Total Loan Relief for Public Workers Tops 1 Million

Oct 17, 2024, 11:00 AM

The Biden administration announced on Thursday that it is forgiving an additional $4.5 billion in student debt for over 60,000 public service workers, bringing the total number of public servants who have received loan forgiveness under the updated Public Service Loan Forgiveness (PSLF) program to more than 1 million. This marks a significant increase from just 7,000 approvals before the program was revised two years ago. Vice President Kamala Harris noted that the administration has forgiven over $170 billion in student debt for nearly five million people across the country, more than any previous administration in history. While broader student debt relief efforts remain blocked in court, the administration continues to provide debt forgiveness through existing programs like the PSLF.