“Biden will see to it that the existing Public Service Loan Forgiveness Program is fixed, simplified, and actually helps teachers.”
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The administration overhauled PSLF through a time-limited waiver begun in October 2021 and final regulations published November 1, 2022 that simplified the program's payment-counting, employment, and application rules. By October 17, 2024, over 1 million public service workers - teachers explicitly among them - had been approved for PSLF debt cancellation, compared with about 7,000 borrowers ever approved before the administration took office. The promised fix, simplification, and tangible help for teachers materialized during the term.
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