The Department of Education authorized a final round of public service federal student loan forgiveness before the end of President Joe Biden’s term.
The department announced $4.28 billion in student loan relief under the Public Service Loan Forgiveness (PSLF) Program. This will cover nearly 55,000 borrowers and bring the administration’s debt cancellation total to roughly $180 billion, with $78 billion of it made through PSLF.
“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,” said U.S. Secretary of Education Miguel Cardona. “With the approval of another $4.28 billion in loan forgiveness for nearly 55,000 public servants, the Administration has secured nearly $180 billion in life-changing student debt relief for nearly five million borrowers.
As the Lord Leads, Pray with Us…
- For Education Secretary Cardona and Student Aid Chief Operating Officer Cordray as they administer the federal student loan debt relief.
- For members of Congress as they assess the national debt, the federal budget, and government spending.
- For the president and his advisors to seek God’s direction in the remaining weeks of the term.
