Biden administration discharges another $6 billion in student debt for 78,000 public service workers

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The latest round of student loan discharges impacted more than 78,000 public service workers and wiped out $5.8 billion in student loan debt.

The Biden administration approved another round of student debt discharge for more than 78,000 borrowers under the public service loan forgiveness . The AFT sued the Education Department in 2019 after more thanof borrowers who applied for the PSLF program were denied loan forgiveness when Betsy DeVos was U.S. Education Secretary under the Trump Administration.that allows borrowers to complete the entire PSLF application process online.

In addition to relief given to PSLF borrowers, 959,700 borrowers have received $47.3 billion in discharge through the SAVE income-driven repayment plan and the one-time IDR adjustment; 513,000 borrowers with areceived $11.7 billion in debt discharges; and over 1.3 million borrowers who were defrauded by their schools received $22.5 billion in discharges under the

Fox Business NetworkFox Business Network host Larry Kudlow asked Shark Tank star Kevin O’Leary point-blank on Tuesday if he’d loan Donald Trump nearly a half-billion dollars in order to appeal the ex-president’s New York bank fraud case, saying it would “protect America’s name.”O’Leary essentially ignored Kudlow’s plea, despite saying hours earlier that the penalty against Trump was an “attack on America.

Trump complained that he might have to mortgage or sell assets to afford a $464 million bond on the appeal of his civil fraud conviction.NEW YORK — New York state lawyers urged an appeals court Wednesday not to buy former President Donald Trump's claims that it's impossible to post a bond fully covering a $454 million civil fraud judgment while he appeals.

 

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