President Biden announced this morning that his administration has cancelled the student debt for about 55,000 borrowers.
- The Biden administration announced on Friday that it would forgive another $4.28 billion in student loan debt for 54,900 borrowers who work in public service.
- The relief is a result of fixes the U.S. Department of Education made to the once-troubled Public Service Loan Forgiveness Program.
The Biden administration announced on Friday that it would forgive another $4.28 billion in student loan debt for 54,900 borrowers who work in public service.
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The relief is a result of fixes the U.S. Department of Education made to the once-troubled Public Service Loan Forgiveness Program.
The debt relief comes in President Joe Biden's final weeks in office.
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Biden has forgiven more student debt than any other president. He has cleared nearly $180 billion for 4.9 million people with student debt.
Still, Republican-led legal challenges have stymied all of Biden's attempts at delivering wide-scale relief.
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