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The Guardian - US
The Guardian - US
Business
Michael Sainato

Biden-Harris administration announces $4.5bn in additional student debt relief

Joe Biden Kamala Harris
Students march to the White House in protest of the supreme court's ruling against President Joe Biden's student-debt relief program in June 2023.
Students march to the White House in protest of the supreme court's ruling against President Joe Biden's forgiveness program in June 2023. Photograph: Allison Bailey/NurPhoto/Shutterstock

The Biden-Harris administration announced today an additional $4.5bn in student debt relief for over 60,000 public service workers.

The latest round of relief has brought total student loan cancellation to over $175bn for nearly 5 million people since Biden took office in 2021, roughly 11% of all outstanding federal student loan debt, including 1 million public service workers holding $74bn in federal student debt.

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