Biden Administration Reaches Milestone with 1 Million Public Workers' Student Loans Forgiven

The Public Service Loan Forgiveness program has eliminated $74 billion in debt for public servants, as broader student loan relief efforts face legal challenges.

Since its overhaul, the Public Service Loan Forgiveness program has forgiven loans for over 1 million public service workers, including teachers, nurses, and firefighters.
The program faced significant issues initially, with 99% of applicants denied due to complex eligibility rules, but recent reforms have expanded access.
The Biden administration has canceled a total of $175 billion in student loans through various programs, with PSLF accounting for the largest share.
Legal challenges have blocked broader student loan forgiveness plans, but the administration continues to focus on existing programs for debt relief.
Secretary of Education Miguel Cardona emphasizes public service as a viable path to debt-free living within a decade, encouraging more students to enter public service careers.