Biden Administration Advances Student Loan Forgiveness Efforts

New round of forgiveness benefits 78,000 public service workers; nearly 870,000 have received relief so far.

President Biden announces $6 billion in student loan forgiveness for 78,000 public service workers, including nurses, teachers, and firefighters.
The forgiveness is part of ongoing efforts to fix the Public Service Loan Forgiveness (PSLF) program, with nearly 870,000 borrowers now having received forgiveness.
380,000 borrowers are on track for PSLF within two years, receiving emails from Biden encouraging them to stay the course.
The Biden administration has also approved significant forgiveness through income-driven repayment plans and for borrowers affected by school closures or disabilities.
Future loan forgiveness plans are in progress, with the SAVE plan offering additional relief and potential changes to make student loans more manageable in bankruptcy proceedings.