President Biden announced Friday that his administration is forgiving $5 billion in student debt for another 74,000 borrowers, marking the latest round of debt cancellation since the Supreme Court voided the president’s student loan forgiveness program.

Mr. Biden said that of the borrowers who can receive relief, nearly 44,000 are teachers, nurses, firefighters and others who are eligible for forgiveness after working 10 years of public service. Almost 30,000 of those who will have their debt wiped clean have been repaying their loans for at least 20 years, but did not get the relief they earned through income-based plans, the president said.

With the latest round of student loan forgiveness, more than 3.7 million Americans have had their debt erased under the Biden administration, Mr. Biden said.

    • Verdant Banana@lemmy.world
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      11 months ago

      do not think trump would be better

      better if enough people either voted someone other than the red and blue corpos or nobody at all in protest

      biden’s list of achievements on behalf of the american people or lack there of is totally relevant to me and a lot more people I’d wager

      maybe I would be able to participate and vote if biden had lived up to his campaign promises or lived up to supposed “democrat” values for that matter

      democrat and republican corporate slime have kept americans down