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		<title>Biden announces $4.28 billion in student loan relief for 55,000 borrowers</title>
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		<pubDate>Fri, 20 Dec 2024 16:02:25 +0000</pubDate>
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					<description><![CDATA[President Joe Biden&#8217;s administration announced on Friday another $4.28 billion dollars in student loan relief for nearly 55,000 public service workers. The announcement brings the total loan forgiveness by the Biden administration to &#8220;approximately $180 billion for nearly 5 million Americans,&#8221; according to a fact sheet from the Department of Education. The forgiveness will be [&#8230;]]]></description>
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<p class="EkqkG IGXmU nlgHS yuUao MvWXB TjIXL aGjvy ebVHC ">President Joe Biden&#8217;s administration announced on Friday another $4.28 billion dollars in student loan relief for nearly 55,000 public service workers.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">The announcement brings the total loan forgiveness by the Biden administration to &#8220;approximately $180 billion for nearly 5 million Americans,&#8221; according to a fact sheet from the Department of Education.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">The forgiveness will be delivered to individuals enrolled in the Public Service Loan Forgiveness program (PSLF), which allows for debt forgiveness for people in jobs like firefighting, nursing and teaching after 10 years of continuous payment.</p>
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<p><span class="hsDdd OOSI GpQCA lZur VlFaz " data-testid="prism-truncate"><span><span class="gtOSm FbbUW tUtYa vOCwz EQwFq yCufu eEak Qmvg nyTIa SRXVc vzLa jgBfc WXDas CiUCW kqbG zrdEG txGfn ygKVe BbezD UOtxr CVfpq xijV soGRS XgdC sEIlf daWqJ ">President Joe Biden and first lady Jill Biden walk to board Marine One at Delaware Air National Guard Base in New Castle, Del., on Thursday, Dec. 19, 2024.</span></span></span></p>
<p><span class="gtOSm FbbUW tUtYa vOCwz EQwFq yCufu eEak Qmvg nyTIa SRXVc vzLa jgBfc WXDas CiUCW kqbG zrdEG txGfn ygKVe BbezD UOtxr CVfpq xijV soGRS XgdC sEIlf daWqJ YNujN JGtjI aZFDu rkKLh ">Ben Curtis/AP</span></p>
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<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">The Biden administration has made fixes to this program that had failed to deliver student loan relief to many due to poor implementations and errors in the program, officials said.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">&#8220;The public servants approved for debt cancellation today include teachers, nurses, service members, law enforcement officials, and other public service workers who have dedicated their lives to giving back to their communities and who are finally earning the relief they are entitled to under the law,&#8221; Biden said in a statement.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">Of the nearly 5 million borrowers who have had more than $180 billion in debt relieved by the administration, more than 1 million were through the PSLF. The relief for those PSLF borrowers totals about $78 billion, the administration said.</p>
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<p><span class="hsDdd OOSI GpQCA lZur VlFaz " data-testid="prism-truncate"><span><span class="gtOSm FbbUW tUtYa vOCwz EQwFq yCufu eEak Qmvg nyTIa SRXVc vzLa jgBfc WXDas CiUCW kqbG zrdEG txGfn ygKVe BbezD UOtxr CVfpq xijV soGRS XgdC sEIlf daWqJ ">President Joe Biden speaks during a Hanukkah reception in the East Room of the White House in Washington, Monday, Dec. 16, 2024.</span></span></span></p>
<p><span class="gtOSm FbbUW tUtYa vOCwz EQwFq yCufu eEak Qmvg nyTIa SRXVc vzLa jgBfc WXDas CiUCW kqbG zrdEG txGfn ygKVe BbezD UOtxr CVfpq xijV soGRS XgdC sEIlf daWqJ YNujN JGtjI aZFDu rkKLh ">Rod Lamkey/AP</span></p>
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<p class="EkqkG IGXmU nlgHS yuUao lqtkC TjIXL aGjvy ">&#8220;From Day One of my Administration, I promised to make sure that higher education is a ticket to the middle class, not a barrier to opportunity,&#8221; Biden said in a statement.</p>
<p class="EkqkG IGXmU nlgHS yuUao lqtkC eTIW sUzSN ">He added, &#8220;Because of our actions, millions of people across the country now have the breathing room to start businesses, save for retirement, and pursue life plans they had to put on hold because of the burden of student loan debt.&#8221;</p>
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