Biden administration forgives $4.5B in student loans for 60,000 borrowers in public service

Education Secretary Miguel Cardona speaks at the Compton Drew Middle School in St. Louis on September 6, 2023. He announced new student loan forgiveness on Thursday. File Photo by Bill Greenblatt/UPI | License Photo
Oct. 17 (UPI) — The White House approved a new round of student debt relief on Thursday, totaling $4.5 billion for 60,000 public service borrowers. The Department of Education announced the relief comes with additional fixes being made to the Public Service Loan Forgiveness Program under which it has forgiven $175 billion in loans for more than 4.8 million U.S. residents to date. Advertisement
The program supports those who work in the public service sector, which includes teachers, first responders, military service members and others who work in government. They qualify for loan forgiveness if they have made the required 120 qualified monthly payments.