President Biden’s administration has announced the forgiveness of approximately $6 billion in student loans for nearly 80,000 public service workers. This move is part of ongoing efforts to correct past administrative failures that have prevented these workers from receiving the relief they are entitled to.
This latest forgiveness brings the total number of public service workers who have had their student debt canceled under the Biden administration to over 870,000. This marks a significant increase compared to previous administrations, signaling a clear commitment to addressing the burden of student loans on public servants.
Eligible borrowers can expect to receive emails from President Biden next week notifying them of the loan forgiveness. This announcement is just one part of a series of efforts by the administration to lower or cancel student debt, as Biden continues to highlight his economic track record and focus on reducing costs for American families.
Biden has reiterated his commitment to using all available tools to provide relief for student loan borrowers and to build an economy that benefits all Americans. As the administration continues to push for these efforts, many are hopeful that more relief may be on the way for those struggling with student debt.
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