The $4.28 billion in relief is expected to be the final round of public service loan forgiveness before President Joe Biden leaves office in January.
The Biden administration is canceling federal student loans for another 55,000 workers through an existing program known as Public Service Loan Forgiveness.
After failing to deliver his promise of, Biden has instead focused on expanding loan relief through programs that were created before his presidency. With the latest round of relief, Biden has now canceled an unprecedented $180 billion in federal student loans through existing programs, covering 4.9 million Americans. That includes $78 billion for roughly 1 million borrowers through PSLF.
Still, the Democrat has fallen short of his goal to deliver widespread relief to millions of other Americans. Biden's first attempt at mass cancellation was blocked by the Supreme Court, and hisproposed another rule
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