Biden Announces Another $1.2 Billion in Debt Forgiveness for 35,000 Student Borrowers

President Biden says the total number of Americans who have benefitted from various debt relief actions to date is at least 4.76 million and counting.
Biden Announces Another $1.2 Billion in Debt Forgiveness for 35,000 Student Borrowers
A Bio Scientist major studies in the Rice University Library in Houston on Aug. 29, 2022. Brandon Bell/Getty Images
Stephen Katte
Updated:
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President Joe Biden has announced that his administration will direct more funding to cancel or reduce the student loan balances of another 35,000 people through the Public Service Loan Forgiveness Program (PSLF).

In a July 18 statement, President Biden said the total number of Americans who have benefitted from the government’s various debt relief actions to date is at least 4.76 million and counting.

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