Student Loan Forgiveness: Biden Approves Another Nearly $5 Billion In Debt Relief For 74,000 Borrowers

The Biden administration announced Friday it’s canceling approximately $5 billion in student debt relief, largely for public servants, the latest incremental step the White House has taken on student loan forgiveness, even though its more ambitious student loan relief program was thwarted by the Supreme Court.

The administration approved debt relief for approximately 74,000 borrowers, the White House said Friday.

Of those 74,000, approximately 44,000 are public servants like teachers, nurses and firefighters who qualified for loan forgiveness after 10 years through the Public Service Loan Forgiveness program.