At Least 715,000 Receive Student Loan Forgiveness Under Reforms For Public Servants, Says Biden

Student loan forgiveness approvals under a key program for public servants has increased by a factor of over 100, according to the Biden administration, as the Education Department continues implementing a number of reforms.

“When I took office, the Public Service Loan Forgiveness program had been in place for nearly 15 years, but because of red tape, only 7,000 borrowers had been helped,” said President Biden in a tweet earlier this month. “Thanks to our reforms, 715,000 borrowers have now had their debts forgiven,” he said.