Republican Fighter
  • Home
  • News
  • About Us
  • Privacy Policy
    • Privacy Policy
    • Disclaimer
    • DMCA Policy
    • Terms and Conditions
No Result
View All Result
  • Home
  • News
  • About Us
  • Privacy Policy
    • Privacy Policy
    • Disclaimer
    • DMCA Policy
    • Terms and Conditions
No Result
View All Result
Republican Fighter
No Result
View All Result

Biden Forgives $4.28 Billion in Student Loans for 55,000 Public Service Workers

December 20, 2024
Reading Time: 2 mins read
A A

President Joe Biden announced on Friday the cancellation of $4.28 billion in student debt for 55,000 public service workers through reforms to the Public Service Loan Forgiveness (PSLF) program. This brings the total debt relief under Biden’s administration to nearly $180 billion for 4.9 million federal borrowers since 2021.

“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,” Biden stated.

In his announcement, Biden highlighted his administration’s broader efforts to support federal students and borrowers, including increasing Pell Grant awards, addressing predatory institutions, and reforming broken student loan programs like PSLF and income-driven repayment plans.

“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,” Biden wrote. “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.”

White House Chief of Staff Jeff Zients signaled last week that Biden planned additional student debt cancellation before President-elect Donald Trump’s inauguration on January 20. “The president will also announce more student debt cancellation for public service workers and other borrowers,” Zients wrote in a memo.

Katharine Meyer, a fellow at the Brookings Institution’s Brown Center on Education Policy, noted that Biden could pursue more federal debt cancellation through borrower defense applications. However, Meyer warned, “Time is running out to enact any of those policies.” She added that lower courts are closely monitoring potential widespread forgiveness efforts, citing recent legal challenges.

Biden’s efforts to alleviate student debt have faced significant Republican opposition. Federal courts have struck down various initiatives, including the Saving on a Valuable Education Act and income-driven repayment programs. In October, a federal judge ruled against Biden’s attempts to revive those plans, following a Supreme Court decision earlier this year rejecting his original proposals.

Prominent Democrats, such as Sen. Ed Markey (D-MA), Sen. Dick Durbin (D-IL), and Rep. Maxine Waters (D-CA), continue to urge Biden to provide relief to borrowers defrauded by predatory schools. “We are here to demand that the Department of Education deliver on President Biden’s commitment to debt relief and process all outstanding borrower defense relief before President Trump slams the door shut on borrowers on Jan. 20,” Markey recently told reporters.

Among the reforms to PSLF is its transfer to direct oversight by the Department of Education through StudentAid.gov, streamlining the process for borrowers. Outgoing Education Secretary Miguel Cardona noted that this change makes it “easier for borrowers to track their progress toward forgiveness.”

Related Posts

Republican Senator Joins Growing Support for Trump’s Presidential Bid
News

BREAKING: President Trump Calls Savannah Chrisley to Announce Full Pardons for Todd and Julie Chrisley

May 27, 2025
Trump Pressures Mike Johnson with Tough Debt Ceiling Demand
News

Speaker to Senate: ‘Best Not to Meddle Too Much’ With Big Bill

May 25, 2025
Biden Signs Stopgap Funding Bill Into Law
News

Trump Blasts Harvard Over Foreign Students: “Stop Asking for the Federal Government to Continue GRANTING Money to You!”

May 25, 2025
Defense Secretary Pete Hegseth Issues New Orders: DoD ≠ DEI – Warns Noncompliance Won’t Be Tolerated
News

Hegseth Rejects China’s Accusation That Golden Dome Is ‘Offensive’: ‘Protecting the Homeland’

May 25, 2025
Elon Musk Says ‘Woke Mind Virus’ Has ‘Killed’ His Son, Vows Revenge
News

Musk Slams Bill Gates’ Past Epstein Ties After DOGE Criticism: ‘Wouldn’t Want That Guy to Babysit My Kid’

May 21, 2025
Elon Musk Issued a Statement Regarding Tucker Carlson’s New Show
News

Elon Musk to Pull Back on Political Spending: “I Think I’ve Done Enough”

May 20, 2025
Next Post
Individual Accusing Biden of Criminal Bribery Scheme Identified as ‘Highly Credible’ FBI Source Utilized Since Obama Administration: Insider

Joe Biden Held More Meetings With Hunter’s Business Associates Than With His Cabinet

Exclusive: Senator J.D. Vance Calls for China to Settle Debts with Americans and Cease Currency Manipulation

WATCH: JD Vance Criticizes Democrats for Opposing CR, Citing Focus on “Global Censorship”

Recent Posts

  • BREAKING: President Trump Calls Savannah Chrisley to Announce Full Pardons for Todd and Julie Chrisley
  • Speaker to Senate: ‘Best Not to Meddle Too Much’ With Big Bill
  • Trump Blasts Harvard Over Foreign Students: “Stop Asking for the Federal Government to Continue GRANTING Money to You!”
  • Hegseth Rejects China’s Accusation That Golden Dome Is ‘Offensive’: ‘Protecting the Homeland’
  • Musk Slams Bill Gates’ Past Epstein Ties After DOGE Criticism: ‘Wouldn’t Want That Guy to Babysit My Kid’
  • About Us
  • Disclaimer
  • DMCA Policy
  • Home
  • Privacy Policy
  • Terms and Conditions

© 2024 Republican Fighter. The Republican Fighter is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • News
  • About Us
  • Privacy Policy
    • Disclaimer
    • DMCA Policy
    • Terms and Conditions

© 2024 Republican Fighter. The Republican Fighter is not responsible for the content of external sites.