Biden Administration Announces Another Round Of Student Debt Relief

The $4.28 billion in relief is expected to be the final round of public service loan forgiveness before President Biden leaves office in January.

The Biden administration announced another round of student debt relief.

The loans will be canceled for another 55,000 workers through the Public Service Loan Forgiveness program.

The new round of debt forgiveness targets teachers, nurses, service members, and law enforcement officials. It also covers others who’ve reached eligibility through the program.

PSLF promises to erase loans after 10 years of work in government or nonprofit jobs.

The $4.28 billion in relief is expected to be the final round of public service loan forgiveness before President Biden leaves office in January.

Biden has now canceled $180 billion in federal student loans through existing programs, covering 4.9 million Americans.