US President Joe Biden speaks about student loan relief at Madison College in Madison, Wisconsin, on April 8, 2024.
Andrew Caballero-reynolds | AFP | Getty Images
The Biden administration announced Thursday it will cancel $1.2 billion in student debt for 35,000 workers, as a result of its recent fixes to a popular debt relief program for public service workers.
“Once again, the Biden-Harris administration delivers on its historic efforts to reduce the burden of student debt — making needed and long overdue improvements to the Public Service Loan Forgiveness Program,” U.S. Secretary of Education Miguel Cardona said in a statement.
The PSLF program, signed into law by President George W. Bush in 2007, allows certain not-for-profit and government employees to have their federal student loans canceled after a decade in repayment. But the program has been plagued by problems, making people who qualified for the relief a rarity in the…
