President Biden Announces $58 Billion in Student Loan Forgiveness for Public Sector Workers

Published: 21 March 2024 at 15:40

President Biden has announced a plan to cancel $58 billion in student loans for 78,000 borrowers working in the public sector, bringing the total student debt write-offs by his administration to $143.6 billion. This move follows the Supreme Court blocking his broader $430 billion debt cancellation plan last year. The loan forgiveness program applies to public service employees like teachers, nurses, and firefighters under the Public Service Loan Forgiveness Program signed into law by President George W Bush in 2007.

SOURCES

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

NBC

Biden's $6B in student loan relief for 78,000 public service workers

Katelyn Caralle

78,000 more public workers are getting student loans canceled through Biden administration changes

https://apnews.com/author/collin-binkley

Biden 'cancels' nearly $6B in student loans for public sector workers

Fox News

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

NPR

Biden cancels $6bn in student debt for public service workers

https://www.facebook.com/bbcnews