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 @ISIDEWITHNewsDaily DiscussionBiden AdministrationLaw Enforcementstudent loansFirefightersteachersDebt reliefEducation Department•••6mos ago

Biden cancels another $1.2B in student debt

The Biden administration will forgive $1.2 billion in student debt for another 35,000 public service workers, the Department of Education announced on Thursday.

The Biden administration's latest round of debt relief brings the total loan forgiveness it has approved to $168.5 billion for 4.76 million borrowers.

How it works: The Education Department said that the relief was made possible via its work to overhaul the Public Service Loan Forgiveness (PSLF) program.

PSLF allows public employees, such as teachers, firefighters, members of law enforcement, and people who work for nonprofit organizations, to apply for forgiveness after making 10 years' worth of payments on their federal student loan balance.

To date, the Biden administration has forgiven $69.2 billion in outstanding loan balances belonging to 946,000 borrowers through PSLF.

5 Replies

 @ISIDEWITHasked…6mos6MO

Given the choice, would you rather see funding go towards student debt forgiveness or towards improving public education and why?

 @ISIDEWITHasked…6mos6MO

How might canceling $1.2 billion in student debt for 35,000 people impact the economy and society as a whole?

 @ISIDEWITHasked…6mos6MO

Do you believe forgiving student debt for public service workers is fair to those in other professions?

 @ISIDEWITHasked…6mos6MO

Should people who chose not to go to college or have already paid off their loans support student debt forgiveness?

 @ISIDEWITHasked…6mos6MO

How do you feel about using taxpayer money to cancel $1.2 billion in student debt for public service workers?

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