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Public Service Loan Forgiveness programHome | U.S. Department of Education
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88% Informative
The Biden-Harris Administration announced today the approval of approximately $4.5 billion in additional student loan relief for over 60,000 borrowers across the country who work in public service.
This relief is the result of significant fixes that the Administration has made to the Public Service Loan Forgiveness (PSLF) Program.
Before President Biden took office, only 7,000 public servants had ever received debt relief through PSLF .
Today ’s announcement includes information on how many borrowers will receive this relief, and the total amount of relief per state.
The Biden-Harris Administration has taken historic steps to reduce the burden of student debt and ensure that student loans are not a barrier to educational and economic opportunity for students and families.
Administration secured a $ 900 increase to the Pell Grant award and finalized new rules to help protect borrowers from career programs that leave graduates with unaffordable debts.
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