HomeLoansBiden cancels $6bn in student debt for public service workers

Biden cancels $6bn in student debt for public service workers

  • By Madeline Halpert
  • BBC News, New York

Image source, Getty Images

Image caption,

Mr Biden’s larger plan to address student debt was struck down by the Supreme Court

President Joe Biden has announced he is cancelling nearly $6bn (£4.7bn) in student debt for 78,000 public service workers.

Teachers, nurses and firefighters are among those eligible for the relief, the White House said.

To date, Mr Biden has cancelled $143bn in debt for nearly 4 million people.

Republicans have slammed the Democratic president’s debt forgiveness, saying US taxpayers ultimately foot the bill and it stokes rising university fees.

In this latest move, 78,000 public service workers will see an average of about $77,000 of student loan debt cancelled.

“These public service workers have dedicated their careers to serving their communities, but because of past administrative failures, never got the…

Read more at www.bbc.com

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