Tags: biden | student | loan | forgiveness

Biden Cancels $4.28B More in Student Loans

Biden Cancels $4.28B More in Student Loans
President Joe Biden speaks during a Hanukkah holiday reception at the White House on December 16, 2024 in Washington, D.C. (Anna Moneymaker/Getty Images)

Friday, 20 December 2024 06:22 AM EST

The Biden administration on Friday canceled another $4.28 billion in student debt for nearly 55,000 public service workers, the U.S. Department of Education said in a statement.

Friday's action brings the total public service student loans forgiven to about $78 billion for nearly 1.1 million workers, the department said.

The White House said separately that this brings the total number of all individuals who have been approved for student debt relief under President Joe Biden to nearly 5 million people.

The actions are a part of Biden's effort to fulfill his 2020 campaign pledge to deliver debt relief to millions of Americans before he leaves office in January.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
The Biden administration on Friday canceled another $4.28 billion in student debt for nearly 55,000 public service workers, the U.S. Department of Education said in a statement.
biden, student, loan, forgiveness
108
2024-22-20
Friday, 20 December 2024 06:22 AM
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