Biden Has Now Forgiven 1 Million Student Loans For Public Servants
Even as President Joe Biden's largest efforts to forgive student loans are stalled in legal battles, one of his administration's programs has hit a milestone of erasing debt for 1 million borrowers.
Biden’s Student Loan Forgiveness Program Has Canceled Debt for Over One Million People
An effort to revive and maximize use of the Public Service Loan Forgiveness program has resulted in student loan forgiveness for over one million people.
One million public service workers debt-free under Biden's loan forgiveness
WASHINGTON - The Biden administration has successfully canceled loans for over one million public workers through a student loan cancellation program. President Joe Biden announced this milestone on Thursday, stating that his administration has honored its commitment to teachers, firefighters, nurses, and other public servants, even while his broader student loan initiatives face legal challenges from Republican-led states. "For too long, the government failed to live up to its commitments," Biden said in a statement. "We vowed to fix that, and because of actions from our administration, now over one million public service workers have gotten the relief they are entitled to under the law." The Public Service Loan Forgiveness (PSLF) program, established in 2007, promised college graduates that the remaining balance of their federal student loans would be forgiven after 10 years of employment in government or nonprofit positions. However, starting in 2017, the majority of applicants faced rejection due to complex…
The Biden administration has now canceled loans for more than 1 million public workers
A student loan cancellation program for public workers has granted relief to more than 1 million Americans — up from just 7,000 who were approved before it was updated by the Biden administration two years ago.
last updated on 18 Oct 03:21