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Biden cancels another $6 billion in student loans, this time for public service workers

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Workers like nurses and teachers are getting forgiveness through fixes to the Public Service Loan Forgiveness program.

More student loan forgiveness is here, this time for 78,000 public service workers. Nurses, teachers, firefighters and a large array of other workers qualify for President Biden’s $6 billion in forgiveness, the White House recently announced. Due to fixes to the Public Service Loan Forgiveness program, workers that never received forgiveness are now having their debts partially forgiven or canceled.

"Under the TOP, the federal government can withhold up to 15 percent of monthly Social Security or disability benefits for defaulted student loans," the lawmakers explained in their letter.This program leaves millions of older Americans at risk of losing vital income. Democratic representatives urged the Biden administration to act. The letter had 30 total signatures from other Democratic leaders.

 

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