The White House has approved nearly $144 billion in federal loan forgiveness for about 4 million borrowers in total, according to the administration.

The White House has approved nearly $144 billion in federal loan forgiveness for about 4 million borrowers in total, according to the administration.

President Joe Biden announced Thursday that the White Househas approved the cancellation of nearly $6 billion in federal student debt for thousands of public service workers.

The 78,000 eligible public service workers include teachers, nurses and firefighters, according to the White House.

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It’s the latest student debt cancellation move through Public Service Loan Forgiveness programs, which allow eligible borrowers to have their remaining debt forgiven if they have made a certain number of payments and are working for approved employers.

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Last year, the Supreme Court invalidated Biden’s more far-reaching student loan debt relief plan, arguing that it was unlawful because Congress did not explicitly approve the move.

  • Rentlar
    2·
    9 months ago

    Instead of fear mongering about orange man bad, why not galvanize support behind actual progressive policies (which are extremely popular btw)? Where are the Dems repeatedly and loudly asking republicans about the last time they proposed any legislation at all that would meaningfully improve the lives of their constituents, ideally in those Repugs’ own districts where it would get free local news coverage and be seen by voters

    …When can we have leaders who will actually fight for us?

    You raise very good questions that I do not have the answers to. As a generation the best I can think of is to fight back both at the ballot box and organize in the streets.