Biden cancels nearly $6 billion in student debt for 78K public service workers

WASHINGTON — President Joe Biden announced Thursday that the White House has approved the cancellation of nearly $6 billion in federal student debt for thousands of public service workers. The 78,000 eligible public service workers include teachers, nurses and firefighters, according to the White House.

“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.” It's the latest student debt cancellation move through Public Service Loan Forgiveness programs, which allow eligible borrowers to have their remaining debt forgiven if they have made a certain number of payments and are working for approved employers.

Source: Education Headlines (educationheadlines.net)

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