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The Guardian - US
The Guardian - US
Business
Alice Herman

Biden administration to cancel $5.8bn in student debt for public service workers

Joe Biden United States the Department of Education Administration
Students protest the supreme court’s ruling against Biden's student-debt relief program.
Students protest the supreme court’s ruling against Biden's student-debt relief program. Photograph: Allison Bailey/NurPhoto/Shutterstock

The Department of Education announced on Thursday plans to cancel $5.8bn in student debt for 77,700 public service workers who qualify under the Public Service Loan Forgiveness (PSLF) program.

The program, which was created in 2007, promises student debt cancellation to graduates working full-time in public service jobs in government and the non-profit sector. The program only went into effect in 2017 – but the Department of Education under the Trump administration rejected the vast majority of applicants for relief when it kicked in.

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