Biden cancels $6 billion in student loan debt for 78,000 public...

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Published date: 12/04/2024
  • Location: 35802, Cuanza Norte, Netherlands
WASHINGTON, March 21 (Reuters) - U.S. President Joe Biden announced Thursday that $6 billion in student online payday loans no credit check would be canceled for 78,000 borrowers, bringing his administration's total student debt cancellation to nearly $150 billion.

Biden, a Democrat, last year pledged to find other avenues for tackling debt relief after the Supreme Court in June blocked his broader plan to cancel $430 billion in student loan debt.

The latest group includes public service workers, like teachers, nurses and firefighters, payday loans bad credit who qualify under the Public Service Loan Forgiveness Program created in 2007 to forgive student debt for Americans who go into public service.

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