President Biden said that of the borrowers who can get their loans forgiven, nearly 44,000 are teachers, nurses, firefighters and others who are eligible for forgiveness after working 10 years of public service.

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.

  • Jaysyn@kbin.social
    2616·
    10 months ago

    LOL, That’s quite literally what Biden is doing now in bits in pieces while keeping SCotUS out of it entirely.

    more than 3.7 million Americans have had their debt erased under the Biden administration, Mr. Biden said.

    But no, you want what you want & you want it NOW.

    I forgot Dems had the Senate, House, and presidency for 2 years…

    Either you are lying & hoping no one would notice or you are even more politically ignorant than I first realized.

    • gAlienLifeform@lemmy.world
      1719·
      10 months ago

      That’s quite literally what Biden is doing now [except for how he isn’t doing it at all and is instead occasionally dropping much smaller scale things that are mostly just implementing things that got passed years ago and hoping everyone forgets that he promised to help everyone]

      lol indeed