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Dr. Miguel Cardona, Secretary of Education | https://www2.ed.gov/news/staff/bios/cardona.html#:~:text=Miguel%20A.,in%20the%20mainland%20United%20States.

White House Honors National Teachers of the Year as Biden-Harris Administration Releases Loan Forgiveness Data

The Biden-Harris Administration has released new data on Public Service Loan Forgiveness (PSLF) approvals in every Congressional District, showcasing the significant progress made in providing relief to borrowers. U.S. Secretary of Education Miguel Cardona highlighted the impact of this effort, stating, “As we honor our nation’s teachers, we also celebrate the Biden-Harris Administration’s historic work to help ease the burden of student loans for educators as well as for nurses, firefighters, and other public service workers in every single part of the country.”

The data reveals that 876,000 borrowers have been approved for $62.8 billion in relief through the PSLF program, a stark contrast to the mere 7,000 approvals at the start of the Administration. This achievement reflects the Administration's dedication to rectifying the flaws in the student loan system and improving discharge programs for public servants across the nation.

On average, more than 1,200 borrowers in each district have been approved for $87 million in relief, with every district receiving at least $1 million in loan forgiveness. Notable districts with a high number of approved borrowers include New York’s 20th, Maryland’s 5th, Virginia’s 8th, New York’s 25th, and Florida’s 2nd.

The Biden-Harris Administration's commitment to providing federal student loan relief remains unwavering, with approximately $160 billion in relief approved for nearly 4.6 million borrowers. This relief includes various initiatives such as improvements to Income-Driven Repayment (IDR), the SAVE Plan, assistance for students affected by school closures, and relief for borrowers with total and permanent disabilities.

Efforts are also underway to introduce new regulations aimed at expediting debt relief for borrowers. Draft rules for these regulations are currently open for public comment until May 17, underscoring the Administration's ongoing efforts to support borrowers and their families.