A student loan cancellation program for public 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.
The Afternoon WireMcConnell called Trump 'stupid,' 'despicable' in private after 2020 election, according to new bookShohei Ohtani homers as the Dodgers rout the Mets 8-0 for a 2-1 lead in the NLCSDeath of ex-One Direction member Liam Payne at 31 sends shockwaves around the worldAmazon and Google are dueling with nuclear for data center powerHow to watch comet Tsuchinshan-Atlas this OctoberFACT FOCUS: Online posts make unfounded claims about a helicopter delivering aid in North...
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 “For too long, the government failed to live up to its commitments,” Biden said in a statement. “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.”
The Public Service Loan Forgiveness program was created in 2007, promising college graduates that the remainder of their federal student loans would be zeroed out after 10 years working in government or nonprofit jobs. But starting in 2017, the vast majority of applicants were rejected because of complicated and little-known eligibility rules.
In total, the administration says it has now canceled $175 billion for about 5 million borrowers. Public Service Loan Forgiveness accounts for the largest share of that relief, while others have had their loans canceled throughfor 40 million Americans. Biden ordered his Education Department to try again using a different legal justification, but a judge in Missouri temporarily halted the plan after several Republican states challenged it.
Joe Biden United States Government General News United States Education U.S. Government Accountability Office United States Congress Washington News W Associated Press Government And Politics Politics
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden admin accused of burying Americans' voting concerns and more top headlinesGet all the stories you need-to-know from the most powerful name in news delivered first thing every morning to your inbox.
Read more »
Italian Americans, Native Americans in Chicago open dialogue over Columbus Day controversiesBefore Monday's Columbus Day Parade, Italian Americans and Native Americans in Chicago are trying to come together to open a dialogue over the controversy that has surrounded the holiday for years.
Read more »
Biden honors Christopher Columbus and Italian Americans in proclamation for Columbus DayPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
Read more »
Expert Testimony: Mass Immigration Under Biden-Harris Is Driving Up Rents for AmericansSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Biden-Harris’s Migration Inflates Americans’ Auto Insurance RatesSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
President Biden proclaims 'Columbus Day' to honor Italian AmericansOn Monday, President Joe Biden issued a proclamation, recognizing the second Monday of October of each year as 'Columbus Day'.
Read more »