President Joe Biden said on Oct. 17 that his administration has forgiven an additional $4.7 billion in student debt for more than 60,000 public service workers.
This brings the amount of student debt forgiveness to public service workers to more than $73 billion for more than 1 million people under the Public Service Loan Forgiveness (PSLF) Program, which was created in 2007 under President George W. Bush and allows for people to have their student debt forgiven after 10 years in public service with a decade of payments.
“These public service workers are hard-working teachers, first responders, nurses, firefighters, service members and more, who dedicate their careers to their communities,” said a senior administration official. “They were promised student loan forgiveness after 10 years of public service and 10 years of payments, but for too long, the program failed to live up to that commitment.”…