A student loan cancellation program for public service workers has granted relief to more than 1 million Americans — up from just 7,000 who were approved before it was updated by the Biden administration two years agoBiden administration has now canceled loans for more than 1 million public workersWASHINGTON -- A student loan cancellation program for public service workers has granted relief to more than 1 million Americans — up from just 7,000 who were approved before it was updated by the Biden administration two years ago. President Joe Biden announced the milestone on Thursday, saying his administration restored a promise to America’s teachers, firefighters, nurses and other public servants. He celebrated it even as his broader student loan plans remain halted by courts following legal challenges by Republican-led states. “We vowed to fix that, and because of actions from our administration, now over 1 million public service workers have gotten the relief they are entitled to under the law.”In total, the administration says it has now canceled $175 billion for about 5 million borrowers using several existing programs. “This program is essential to bring new workers into the important roles of public service and reward their contributions,” said Kristin McGuire, the group's executive director.

Source: ABC News October 17, 2024 17:32 UTC