Biden admin has forgiven $42B in student loan debt via PSLF

Since the Biden administration announced improvements to Public Service Loan Forgiveness (PSLF) and temporarily expanded forgiveness eligibility in October 2021, 615,000 public service workers have seen $42 billion in student debt erased, according to a Department of Education (ED) statement released Monday.
PSLF allows federal student loan borrowers who go into public service — such as teachers, nurses, government employees and more — an opportunity to have their debt forgiven after completing 10 years of service.
Prior to an overhaul beginning in 2021, the program was notoriously selective, approving less than 1% of applications as of 2018, with many denials due to borrowers adhering to the wrong type of payment plan. That’s why the Biden administration has made it a priority to address issues with the process and make it easier for qualifying borrowers to see forgiveness.