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.

  • Ensign_Crab@lemmy.worldEnglish
    886·
    9 months ago

    Centrists didn’t want this. Progressives did. Biden listened to progressives. When he encountered a setback, he could have announced he tried and given up forever, and no one would have been surprised. Hell, it’s exactly what I expected would happen.

    Instead he had a contingency plan ready to go and followed it up with other plans.

    He listened to progressives and didn’t give up. This remains the high point of the Biden presidency.

    • HWK_290@lemmy.worldEnglish
      479·
      9 months ago

      Yes but are you aware of this conflict in the middle east? Checkmate /s

      Yeah but my loans weren’t canceled!!! /s

      Ok, but what about the price of gas? $3.38 a gallon to fill my massive truck I don’t need is killing my wallet. (on that one probably doesn’t need a /s)

      In all seriousness, I agree, Biden continues to push hard for his agenda in a very productive way. Go Joe!

      • RGB3x3@lemmy.worldEnglish
        131·
        9 months ago

        Yeah but my loans weren’t canceled!!! /s

        Legitimately the argument that came out of my mother’s mouth.

        I don’t understand the selfishness of not wanting loans cancelled for people. That money just ends up back in the economy because it’s no longer going straight to the banks.

      • Ensign_Crab@lemmy.worldEnglish
        1220·
        9 months ago

        Don’t put words in my mouth just because you don’t want Biden to be subject to any scrutiny.

        I’m happy with him when he listens to progressives and doesn’t give up. Which has pretty much been this one issue.