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U.S. Forgives $6.8 Billion in Public Service Worker Student Loans

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Biden Eyes 'Some' Student-Loan Forgiveness, Not $50K

The U.S. Department of Education approved about $6.8 billion in student debt relief for more than 113,000 borrowers through adjustments to its Public Service Loan Forgiveness Program.

The relief -- which the DOE says will average about $60,000 per borrower -- is being given after President Joe Biden made changes to the program in October, under which nonprofit and government employees can have their federal student loan debt forgiven after 10 years, or 120 payments.