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.

    • Cowlitz@lemmy.world
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      10 months ago

      Even if more did, would it change anything? Most politicians seem to have the same shitty stance. At least most politicians that the average American will vote for. Biden stance sucks but its not something that differentiates him from most other politicians. I wouldn’t expect it to play out much differently with someone else.

      • FlowVoid@lemmy.world
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        10 months ago

        All this may be true, but it reflects the American public’s ambivalence on Gaza. Roughly half the country supports Israel right now. That would have to plummet for the US to turn away from them, especially since it would make other allies question US commitment to them.

        Compare Palestinians to Ukrainians. The latter enjoy overwhelming support from Americans. They are not fighting an ally, in fact the opposite. So politicians in both parties tend to support Ukraine, with the exception of the usual GOP loudmouths in the House.