Biden-Harris Administration Announces $1.2 Billion in Student Debt Cancellation for 35,000 Borrowers
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FOR IMMEDIATE RELEASE: July 19, 2024 The White House Office of Political Strategy & Outreach
Biden-Harris Administration Announces $1.2 Billion in Student Debt Cancellation for 35,000 Borrowers
On Thursday, July 18th, President Biden announced $1.2 billion in student debt cancellation for 35,000 borrowers, bringing the total number of Americans who have benefitted from our various debt relief actions to 4.76 million people.
Each of those borrowers have received an average of over $35,000 in debt cancellation. These 35,000 borrowers approved for forgiveness are public service workers – teacher, nurses, law enforcement officials, and first responders who have dedicated their live to strengthening their communities, and because of the fixes we made to Public Service Loan Forgiveness, they will now have more breathing room to support themselves and their families.
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