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Biden Cancels $6 Billion In Student Loan Debt For 78,000 Public Service Workers

March 22, 2024

Do you have student loan debt?

Don’t worry about it. That is if you work in public service.

No Student Loan Debt For Public Workers

From Reuters, “U.S. President Joe Biden announced Thursday that $6 billion in student loans would be canceled for 78,000 borrowers, bringing his administration’s total student debt cancellation to nearly $150 billion.”

“Biden, a Democrat, last year pledged to find other avenues for tackling debt relief after the Supreme Court in June blocked his broader plan to cancel $430 billion in student loan debt,” Reuters noted.

The story continued:

Is It A Political Ploy?

Don’t think for one second that Biden’s prospects for the election in November don’t play a role in this.

He needs the youth vote, for one.

“I won’t back down from using every tool at my disposal to deliver student debt relief to more Americans, and build an economy from the middle out and bottom up,” Biden said.

Polls continue to show that the presumptive Republican presidential nominee, Donald Trump, is ahead of Biden. This should be particularly concerning for the Biden campaign in the swing states, where the president is currently losing.

Don’t be surprised if Joe Biden forgives even more student loan debt between now and November.