President Joe Biden approved another batch of student-loan borrowers in public service for debt cancellation.Kevin Dietsch/Getty ImagesBiden announced an additional $4.5 billion in student-debt cancellation for 60,000 borrowers in public service.It's a result of fixes to the Public Service Loan Forgiveness program over the past few years.At the same time, Biden's broader student-debt relief plans remain stalled in court.Another batch of student-loan borrowers in public service has been approved for billions of dollars in debt relief.On Thursday, President Joe Biden and the Education Department announced that 60,000 borrowers are getting $4.5 billion in student-loan forgiveness following fixes to the Public Service Loan Forgiveness program, which forgives student debt for government and nonprofit workers after 10 years of qualifying payments.According to the White House, this brings the number of borrowers approved for debt relief through PSLF to 1 million under the Biden administration."If you ever wonder if change is possible, if you ever wonder if what's broken can be fixed, if you ever wonder whether the government can turn a promise broken into a promise kept, just look at what President Biden and Vice President Harris did for these 1 million public servants across the country today," Education Secretary Miguel Cardona told reporters on a Wednesday press call.Under the Trump administration, the majority of borrowers in public service were not approved for relief through PSLF due to flaws within the program, including rejections due to paperwork errors and processing backlogs.

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BING NEWS:
  • The Biden administration has now canceled loans for more than 1 million public workers
    The Public Service Loan Forgiveness program was created in 2007, but most applicants starting in 2017 were rejected because of complicated and little-known rules.
    10/17/2024 - 12:05 am | View Link
  • Biden administration has now canceled 1 million student loans for public workers
    In total, the administration says it has now canceled $175 billion for about 5 million borrowers. Public Service Loan Forgiveness accounts for the largest share of that relief, while others have had ...
    10/16/2024 - 11:22 pm | View Link
  • Biden administration has now canceled loans for more than 1 million public workers
    A student loan cancellation program for public workers has granted relief to more than 1 million Americans — up from just 7,000 who were approved before it was updated by the Biden administration two ...
    10/16/2024 - 10:49 pm | View Link
  • 60,000 student-loan borrowers in public service are getting $4.5 billion in debt cancellation while Biden's broader relief remains blocked in court
    The latest student-loan forgiveness announcement brings the total number of borrowers approved for relief through PSLF to 1 million.
    10/16/2024 - 10:09 pm | View Link
  • Biden administration forgives student loans for 60,000 public service workers
    The Biden administration announced on Thursday that it is forgiving the student loans for more than 60,000 public service workers. The move gives $4.5 billion in debt relief to teachers, ...
    10/16/2024 - 9:59 pm | View Link
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