- Biden announced $4.28 billion in student-debt cancellation for 54,900 borrowers in Public Service Loan Forgiveness.
- The relief is a result of the Education Department’s ongoing fixes to PSLF.
- President-elect Donald Trump is unlikely to continue Biden’s student-debt relief efforts.
President Joe Biden announced more student-loan forgiveness with one month left until he leaves the White House.
On Friday, Biden and his Education Department said they have approved $4.28 billion in student debt for 54,900 borrowers in the Public Service Loan Forgiveness program, which forgives student debt for government and nonprofit workers after 10 years of qualifying payments.
The relief is a result of ongoing improvements…
