President Biden announced the milestone on Thursday, saying his administration restored a promise to America's teachers, firefighters, nurses and other public servants.

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.

Overall, the Biden administration says it has now canceled $175 billion in student loan debt for about 5 million borrowers.

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.

With less than three weeks before the November election, the Biden-Harris administration is reminding voters how it has delivered a historic amount of student debt relief even as Republicans have challenged several of its efforts in court and balked at the costs.

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.