Just weeks before the 2024 election, President Joe Biden has announced his administration will be canceling another $4.5 billion in student debt.
Biden made the announcement on Thursday, saying the newly canceled debt was for more than 60,000 public service workers. Biden noted that the latest round of debt forgiveness brings the total number of Americans who have had their student debt canceled under this administration to more than 1 million.
“Public service workers – teachers, nurses, firefighters, and more – are the bedrocks of our communities and our country,” Biden said. “They dedicate their careers to giving back to others, and were given the promise of student debt forgiveness after 10 years of public service and 10 years of payments under the Public Service Loan Forgiveness program. But for too long, the government failed to live up to its commitments, and only 7,000…
