Policy and Impact
The administration announced the cancellation of federal student loans for an additional 55,000 workers under the Public Service Loan Forgiveness (PSLF) program, aiming to provide relief to those in government or nonprofit jobs.
This $4.28 billion relief effort is part of Biden's broader initiative, totaling $180 billion for 4.9 million Americans, to ease the burden of student debt, despite facing legal and political challenges.
Political and Public Reactions
Critics, including Republicans and President-elect Trump, argue that Biden's loan cancellation plans unfairly shift the financial burden to taxpayers and challenge the legality of his broader student debt relief efforts.
Supporters, including Biden and Education Secretary , tout the PSLF program's transformation and the administration's commitment to making higher education accessible and relieving financial pressure on millions.