Biden-Harris Administration Approves Additional $1.2 Billion in Student Debt Relief for Public Service Workers

  

The Biden-Harris Administration has taken a significant step in easing the burden of student debt for public service workers. On Thursday, they announced the approval of roughly $1.2 billion in additional student loan relief for 35,000 borrowers across the country who work in public service. 


This relief is part of the ongoing efforts to fix and improve the Public Service Loan Forgiveness (PSLF) Program.


 Key Points:

- Who Benefits: The relief applies to public servants, including teachers, nurses, firefighters, and other essential workers.


- Total Loan Forgiveness: With this latest approval, the Biden-Harris Administration has now provided a total of nearly

 $169 billion in relief for nearly 4.8 million borrowers nationwide.


- PSLF Program Fixes: The approvals are a result of significant fixes made to the PSLF Program, which had faced challenges in the past.


- Financial Breathing Room: These hardworking public servants will finally receive the financial breathing room they were promised.


- Track and Manage: Borrowers can easily track and manage the process through StudentAid.gov.


Secretary of Education Miguel Cardona emphasized the impact of this relief, stating, "This is relief that will bring real change in their lives and marks another win for this administration’s relentless and unapologetic work to fix a broken student loan system."


The Biden-Harris Administration's commitment to overhauling the PSLF Program continues to benefit those who serve our communities. By forgiving the remaining student loan balance after 120 qualifying monthly payments, this relief provides much-needed support to those who dedicate their careers t

o public service.



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