Federal Government Cancels $4.28 Billion in Student Loan Debt

President Joe Biden announced on Dec. 20 that the federal government has canceled an additional $4.28 billion in student debt for 55,000 public service workers across the country.
In a statement, Biden said teachers, nurses, service members, and law enforcement officials, are among the public service workers who will benefit from the latest debt cancellation.
They are individuals 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,” he said.
The latest approval brings the total amount of student loan forgiveness for public service workers to about $180 billion for nearly 5 million Americans, the U.S. Department of Education said in a Dec. 20 statement….