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Biden administration forgives $4.5 billion in student debt for over 60,000 public service workers

  • The Biden administration announced the forgiveness of $4.5 billion in student debt for over 60,000 public service workers on Thursday.
  • President Joe Biden stated that more than 1 million borrowers will benefit from his administration's education debt relief program.
  • The average student loan balance forgiven under the Public Service Loan Forgiveness program is about $70,000, according to expert Mark Kantowitz.
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