Govind Tekale
Borrowers with PSLF forgiveness have risen from 7,000 a year prior to 2021 to over 1 million through October 2024.
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The expansion in 2021, via the waiver, allowed credit for past deferments; new rules made these changes permanent in 2022.
Borrower-friendly measures taken by the Biden administration include streamlined PSLF under the Department of Education, that simplifies the application process and improves the transparency of the borrowers.
Higher education expert Mark Kantowitz noted that the average amount forgiven under PSLF is about $70,000, freeing public servants such as teachers and nurses from those burdens.
"To be free from all that because of a creative work I did": Newman had over $60,000 forgiven and said it was life-changing.
The Biden administration's strategy is far from what the Trump administration had: it declined 99% of all applications under PSLF and was even rumored to possibly eliminate the program altogether.
Even with legal losses, including the one of the Supreme Court vacating broader forgiveness attempts, the administration promised to push forward its debt relief movement.
The vice president, Kamala Harris, comments that, surely, she would not stop fighting for student debt relief, no matter how hard it is for opponents like the Republicans, who even attempted to prevent millions of Americans from receiving aid.
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