The Biden administration Friday morning said it would cancel $4.28 billion in student loans for 55,000 teachers, nurses, service members, law enforcement officials, and other public servants. The relief brings the total of student debt forgiveness under Biden to nearly $180 billion for nearly five million people, according to a Department of Education statement.
Education Secretary Miguel Cardona in a statement praised the administration’s newly announced relief and broader success revamping PSLF, saying, “Four years ago, the Biden-Harris Administration made a pledge to America’s teachers, service members, nurses, first responders, and other public servants that we would fix the broken Public Service Loan Forgiveness Program, and I’m proud to say that we delivered.”
As Biden’s efforts to enact sweeping student forgiveness have largely been mired or dashed by Republican-led legal challenges, the administration has since pivoted to a revised “Plan B,” which targets specific groups of borrowers. The incoming Trump administration is expected to take a hostile stance toward student debt forgiveness.
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