President Biden said that of the borrowers who can get their loans forgiven, nearly 44,000 are teachers, nurses, firefighters and others who are eligible for forgiveness after working 10 years of public service.

President Biden announced Friday that his administration is forgiving $5 billion in student debt for another 74,000 borrowers, marking the latest round of debt cancellation since the Supreme Court voided the president’s student loan forgiveness program.

Mr. Biden said that of the borrowers who can receive relief, nearly 44,000 are teachers, nurses, firefighters and others who are eligible for forgiveness after working 10 years of public service. Almost 30,000 of those who will have their debt wiped clean have been repaying their loans for at least 20 years, but did not get the relief they earned through income-based plans, the president said.

With the latest round of student loan forgiveness, more than 3.7 million Americans have had their debt erased under the Biden administration, Mr. Biden said.

    • CileTheSane@lemmy.ca
      41·
      10 months ago

      why should we be obligated to pay their debt? What are you on about?

      What are you on about? They’ve paid their debt, they’re still paying the interest on the debt. These are people in the public sector, went into debt to help make society better, and the people profiting off that debt are profiting a little less.

        • CileTheSane@lemmy.ca
          51·
          10 months ago

          “They made a poor choice when they were 18 to… (hang on, let me check the link) become teachers, nurses, and firefighters. They should pay for that choice for the rest of their lives!”

          Not my problem

          Beautiful thing about this removed little response is it works for your original comment of “What about people who decided to go to a cheap college? Do we get any money?”

          Not my problem.

            • CileTheSane@lemmy.ca
              51·
              10 months ago

              I was 19 when I decided to goto college because I figured out what I could afford. My parents begged me at 18 to go to a over $20k/year school, I absoulutely refused. My whole tuition cost me $15k for a full bachelors degree in Computer Science.

              Not my problem