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.

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.

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.

  • @ButWaitTheresMore
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    23 months ago

    5 digits worth of people with 10 digits worth of debt? What a scam

    • @[email protected]
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      fedilink
      23 months ago

      In totality, Biden has forgiven billions in loans for over 3 million people.

      Source: John Oliver’s. I think it’s called Last Week Tonight.