The Biden administration said Thursday it would commit another $5.8 billion in student debt relief for 77,000 borrowers thanks to adjustments it made to the Public Service Loan Forgiveness program.
Administration officials have highlighted the progress expanding the reach of PSLF, which now counts 871,000 eligible borrowers. The president will also send emails to hundreds of thousands of borrowers who are on track to have their debt canceled through PSLF within the next two years. He will remind them of the benefits coming up and thank them for their work.The latest batch of forgiveness follows a similar cancellation for nearly 74,000 PSLF borrowers earlier this year.
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