Federal Government Cancels $4.28 Billion in Student Loan Debt

The federal government also approved $16.2 billion in relief for nearly 572,000 borrowers with a total and permanent disability. President Joe Biden announced on Dec. 20 that the federal government has canceled an additional $4.28 billion in student debt for 55,000 public service workers across the country. In a statement, Biden said teachers, nurses, service

Biden in likely last round of student debt forgiveness before leaving office

Washington — The Biden administration is canceling federal student loans for another 55,000 workers through an existing program known as Public Service Loan Forgiveness. The Education Department’s announcement Friday targets teachers, nurses, service members, law enforcement officials and others who’ve reached eligibility through the program, which promises to erase loans after 10 years of work