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4.8M borrowers — including 1M in public service — have had student debt forgiven, Biden admin says (www.nbcnews.com)

submitted 9 hours ago by [email protected] to c/[email protected]

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The Biden administration announced a milestone Thursday in its effort to cancel Americans' student debt: It has provided relief to more than 1 million borrowers who work in public service.

Through the Education Department's Public Service Loan Forgiveness program, the administration approved about $4.5 million in additional student loan relief for more than 60,000 borrowers, bringing the total relief through that program to $74 million for more than 1 million people.

That brings the total amount of student debt relief under the administration to $175 billion for more than 4.8 million borrowers over the nearly four years President Joe Biden has been in office, the department said.

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