Biden Cancels Nearly $4.3 Billion in Public Worker Student Debt
- Latest push will wipe out debt for around 55,000 borrowers
- Biden has forgiven around $180 billion of educational loans
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President Joe Biden on Friday announced plans to cancel student debt for about 55,000 public sector workers, as his administration pushes to zero out balances for more people in the final weeks of his administration.
The move — which represents the cancellation of $4.28 billion owed on federal loans — pushes the total number of individuals who have received relief under Biden administration programs to nearly 5 million, the White House said. In total, about $180 billion has been forgiven.