Student-loan forgiveness totals $8.1 billion for civil service employees since October

-0 cStoSw">The Biden administration’s overhaul of the largely morbid student loan forgiveness program for public service employees has led to $8.1 billion in approved relief for 145,000 borrowers since October.

Last fall, Department of Education set up a discount For its Public Service Loan Forgiveness Program, which was created by Congress in 2007 to encourage students to enter professions such as teaching, nursing, and public interest law. The Education Department disclosed that only 5,500 borrowers since its creation clear your debt under the programme.