Biden Administration Cancels $1.2 Billion in Student Debt for 35,000 Public Service Workers, $35,000 Each

Jul 18, 2024, 11:45 AM

The Biden administration has announced the cancellation of $1.2 billion in student debt for 35,000 more people who work in public service. This relief is part of the Public Service Loan Forgiveness program and includes a range of professions such as teachers, firefighters, and nurses. President Joe Biden stated that this action, announced on Thursday, brings the total debt relief approved by his administration to nearly $169 billion, benefiting approximately 4.8 million Americans. Each beneficiary will get $35,000 in debt canceled. This latest move is seen as a continuation of Biden's efforts to fulfill his 2020 campaign promises on student debt relief.