President Biden’s latest attempt at loan forgiveness saw the loans of over 60,000 public service workers forgiven. As the article says, this is only the latest in a long list of attempts made since Biden took office to forgive student loans.

From The Epoch Times. President Joe Biden said on Oct. 17 that his administration has forgiven an additional $4.7 billion in student debt for more than 60,000 public service workers.

View Comments (0)

This content is supported by your donations.
Give today.

This brings the amount of student debt forgiveness to public service workers to more than $73 billion for more than 1 million people under the Public Service Loan Forgiveness (PSLF) Program, which was created in 2007 under President George W. Bush and allows for people to have their student debt forgiven after 10 years in public service with a decade of payments.

“These public service workers are hard-working teachers, first responders, nurses, firefighters, service members and more, who dedicate their careers to their communities,” said a senior administration official. “They were promised student loan forgiveness after 10 years of public service and 10 years of payments, but for too long, the program failed to live up to that commitment.” …

Prior to Biden taking office, only 7,000 public service workers had gotten relief under PSLF. …

The Biden administration has tried to forgive $175 billion in student debt for almost 5 million Americans, or about $35,000 each

However, the Supreme Court has blocked the relief multiple times. …

Nonetheless, Biden said the Oct. 17 announcement “comes on top of the significant progress we’ve made for students and borrowers over the past three years,” including “providing the largest increases to the maximum Pell Grant award in over a decade; fixing Income-Driven Repayment so borrowers get the relief they earned; and holding colleges accountable for taking advantage of students and families.” …

What do you think of this latest loan forgiveness move? Share your thoughts and prayers with us below.

(Excerpt from The Epoch Times. Photo Credit: Gage Skidmore from Surprise, AZ, United States of America – Joe Biden, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=86059694)