Another Round of Student Loan Forgiveness Announced by President Biden

Another round of student loan forgiveness was announced Thursday by President Joe Biden. According to the Biden administration, another 78,000 Americans will have their federal student loans canceled through a program that helps teachers, nurses, firefighters and other individuals in public service.

The Education Department is canceling the borrowers’ loans because they reached 10 years of payments while working in public service, making them eligible for relief under the Public Service Loan Forgiveness program. Starting next week, those receiving the forgiveness will get an email from Biden congratulating them on their relief. A message from the Democratic president, who's running for reelection, will also be sent to 380,000 borrowers who are within two years of forgiveness under the program. In January, the Biden administration began canceling student loans for some borrowers

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President Biden Announces Another Round of Student Loan ForgivenessPresident Joe Biden announced another round of student loan forgiveness, with 78,000 Americans having their federal student loans canceled through a program that helps public service workers. The Education Department is canceling the loans for those who have reached 10 years of payments while working in public service.
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