One million public service workers debt-free under Biden's loan forgiveness
WASHINGTON - The Biden administration has successfully canceled loans for over one million public workers through a student loan cancellation program. President Joe Biden announced this milestone on Thursday, stating that his administration has honored its commitment to teachers, firefighters, nurses, and other public servants, even while his broader student loan initiatives face legal challenges from Republican-led states. "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 one million public service workers have gotten the relief they are entitled to under the law." The Public Service Loan Forgiveness (PSLF) program, established in 2007, promised college graduates that the remaining balance of their federal student loans would be forgiven after 10 years of employment in government or nonprofit positions. However, starting in 2017, the majority of applicants faced rejection due to complex…
17 Oct 00:00 · Inlandnewstoday