A student loan cancellation program for public workers has granted relief to more than 1 million Americans — up from just 7,000 who were approved before it was updated by the Biden administration two years ago.

The Biden administration announced on Thursday that it was forgiving another $4.5 billion in student debt for over 60,000 borrowers.

U.S. President Joe Biden on Thursday canceled another $4.5 billion in student debt for more than 60,000 borrowers, bringing the number of public service workers who have had their student loans for higher education forgiven to over 1 million.

Even as President Joe Biden's largest efforts to forgive student loans are stalled in legal battles, one of his administration's programs has hit a milestone of erasing debt for 1 million borrowers.

U.S. President Joe Biden canceled another $4.5 billion in student debt for over 60,000 borrowers, the White House said on Thursday. Copyright 2024 Thomson Reuters. Your trusted source for the latest news delivered weekdays from the team at U.

The latest student-loan forgiveness announcement brings the total number of borrowers approved for relief through PSLF to 1 million.

U.S. President Joe Biden on Thursday canceled another $4.5 billion in student debt for more than 60,000 borrowers, bringing the number of public service workers who have had their student loans for higher education forgiven to over 1 million.

The White House approved a new round of student debt relief on Thursday, totaling $4.5 billion for 60,000 public service borrowers.

President Joe Biden marked a new milestone in his effort to forgive student loans, as the total number of public servants who have received relief exceeded 1 million since he took office.