"Biden Administration Forgives $6 Billion in Student Debt for Public Service Workers and 78,000 Borrowers"

The Biden administration is forgiving almost $6 billion in student debt for 77,700 borrowers who are public service employees, such as teachers, nurses, social workers, and firefighters. This forgiveness amounts to about $77,000 per person and is part of the Public Service Loan Forgiveness (PSLF) program. The administration has made changes to the PSLF program, resulting in about 871,000 Americans receiving student loan forgiveness through the program. Recipients will receive an email from President Biden alerting them about their debt cancellation, and an additional 380,000 people enrolled in PSLF will receive an email next week letting them know they are within one to two years of qualifying for debt forgiveness through the program.