Sarbanes Statement on Biden-Harris Administration Reaching Milestone of Providing Student Debt Relief for Over One Million Public Service Workers

"When I authored the law creating the Public Service Loan Forgiveness (PSLF) program in 2007, it was designed to make it easier for individuals to pursue public service by forgiving the remaining student loan balance of those who dedicate their careers to giving back to others and make 120 qualifying monthly loan payments.

"However, many eligible individuals faced technical challenges, servicer errors, bureaucratic hurdles and confusion, which prevented them from benefiting from the program. I have long advocated for improving PSLF implementation to ensure the program fulfills its promise to our nation's teachers, nurses, first responders and all public servants who play a vital role in supporting our communities.

"Yesterday's announcement that over one million public servants have received loan forgiveness is a significant milestone in this effort and a testament to the Biden-Harris Administration's tireless efforts to prioritize access to affordable education for all. I applaud President Biden and Vice President Harris for these efforts and their continued investment in our nation's public servants. And, most of all, I am pleased that more than one million public service workers have now been granted the long-overdue recognition and financial relief they deserve."

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