The Education Department's announcement Friday targets teachers, nurses, service members, law enforcement officials and others who've reached eligibility through the program, which promises to erase loans after 10 years of work in government or nonprofit jobs.
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. After failing to deliver his promise of widespread loan cancellation, 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.
