With the holidays just around the corner, some borrowers will be getting an early gift of student loan forgiveness.
President Joe Biden’s administration announced on Friday that it has approved $4.28 billion in additional student loan relief for 54,900 borrowers who work in public service. This includes teachers, service members, nurses, first responders, and other public servants.
This brings the total loan forgiveness from the Biden-Harris administration to around $180 billion for nearly 5 million Americans.
“Four years ago, 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…
