Biden Administration Cancels $4.28 Billion in Student Debt for Public Service Workers

Category: Education

President Biden announces the cancellation of $4.28 billion in student debt for 55,000 public service workers, raising the total relief to $180 billion during his presidency. This initiative aims to alleviate the financial burden on those dedicated to public service.

In a significant move, President Joe Biden's administration has announced the cancellation of student debt for an additional 55,000 public service workers, totaling $4.28 billion in relief. This decision brings the overall student loan forgiveness during Biden's presidency to an unprecedented $180 billion, benefiting nearly 4.9 million borrowers. The announcement comes as Biden's administration wraps up its term, marking a crucial step in addressing the student debt crisis. The White House stated that this initiative aims to support those who have dedicated their careers to public service, ensuring they are not burdened by educational debt. The decision has been met with widespread approval from various advocacy groups who have long called for student debt relief.

Reference

Updated At: 12/21/2024

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