The Biden administration announced Thursday that it would forgive another $1.2 billion in student loans, covering the debt of 35,000 people through the Public Service Loan Forgiveness program.
President Biden said individuals who received debt relief from the action are teachers, nurses, police officers and first responders, with an average debt of $35,000.
Today’s actions bring the total number of people who have received aid from the Biden administration to 4.76 million.
“Today’s announcement builds on the significant progress we have made for students and borrowers over the past three years. This includes providing the largest increases to the maximum Pell Grant in more than a decade; set repayment based on income so that borrowers get the relief they are entitled to under the law; and hold colleges accountable for taking advantage of students and families. And earlier this year, I laid out my administration’s new plans that would cancel student debt for more than 30 million Americans when combined with everything we’ve done so far,” Biden said in a statement.
The pardon comes as Republicans fight in court against Biden’s new income-driven repayment plan.
This story originally appeared on thehill.com read the full story
