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Biden cancels $6 billion in student loan debt for 78,000 public service workers
Credit: IndiaTimes- Published on March 21, 2024
Video credit: Wibbitz Top Stories
Published on March 21, 2024 - 01:31
Biden Forgives $6 Billion in Student Debt for Public Service Workers
Biden Forgives $6 Billion in Student Debt , for Public Service Workers.
On March 21, the Biden administration canceled nearly $6 billion in student loans for approximately 80,000 public service workers, NPR reports.
Such workers include teachers,
nurses, firefighters and more.
Such workers include teachers,
nurses, firefighters and more.
Such workers include teachers,
nurses, firefighters and more.
These public service workers have
dedicated their careers to serving their
communities, but because of past
administrative failures, never got the
relief they were entitled to under the law, President Joe Biden, via statement.
Because of the fixes my administration
has made, we have now canceled student
debt for over 870,000 public service workers —
compared to only about 7,000 public
service borrowers ever receiving
forgiveness prior to my administration, President Joe Biden, via statement.
Those who are eligible for this round of student
loan forgiveness will receive an email next week.
Thousands more who are enrolled in the
Public Service Loan Forgiveness program
will receive emails "if they are within two years
of having their debt forgiven," NPR reports. .
The announcement comes as the president travels the country to campaign for reelection.
From day one of my administration, I promised
to fix broken student loan programs and make
sure higher education is a ticket to the
middle class, not a barrier to opportunity, President Joe Biden, via statement.
I won't back down from using every
tool at my disposal to deliver student debt
relief to more Americans, and build an
economy from the middle out and bottom up, President Joe Biden, via statement
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