Joe Biden cancels student debt for tens of thousands

Category: Education

President Biden's administration has announced the cancellation of student debt for an additional 55,000 public service workers, bringing the total to nearly five million individuals approved for debt relief. The relief is part of the Public Service Loan Forgiveness program, which allows public servants to have their federal student loans forgiven after 10 years of payments. Despite criticism and legal challenges, Biden emphasizes the importance of making higher education accessible and providing relief to borrowers.

Keywords: student debt, Public Service Loan Forgiveness, Biden administration

Source: Newsweek

Update At: 12/21/2024

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