The Biden-Harris Administration has announced an additional $4.28 billion in student loan relief for nearly 55,000 public service workers. This initiative is part of ongoing efforts to improve the Public Service Loan Forgiveness (PSLF) Program. The latest relief increases the total amount of loan forgiveness under this administration to approximately $180 billion, benefiting nearly five million Americans, including over one million through the PSLF.

U.S. Secretary of Education Miguel Cardona stated, "Four years ago, the Biden-Harris Administration made a pledge to America’s teachers, service members, nurses, first responders, and other public servants that we would fix the broken Public Service Loan Forgiveness Program, and I’m proud to say that we delivered." He added that this achievement underscores the administration's commitment to making government work for everyday citizens.

The PSLF Program incentivizes careers in education, public health, law enforcement, emergency response, and other vital fields by forgiving remaining student loan balances after 120 qualifying payments. The newly announced relief covers borrowers who benefited from a limited PSLF waiver ending in October 2022 and regulatory improvements made during this administration.

Additionally, as of July 2024, management of the PSLF Program transitioned fully to StudentAid.gov under the Department of Education's control. This change aims to simplify participation and tracking progress toward forgiveness.

Since its inception, the Biden-Harris Administration has focused on alleviating student debt burdens. Over four years, it has approved close to $180 billion in debt relief for 4.9 million borrowers through various initiatives.

The administration also approved $56.5 billion for over 1.4 million borrowers via Income-Driven Repayment plans; $28.7 billion for more than 1.6 million borrowers affected by school closures or fraud; and $16.2 billion for almost 572,000 borrowers with total and permanent disabilities.

Furthermore, efforts include securing a $900 increase in the maximum Pell Grant—the largest increase in a decade—and implementing new rules to protect borrowers from programs resulting in high debts and low earnings.