President Joe Biden unveiled another round in his steady drip of student debt write-offs on Thursday, announcing that 78,000 public sector workers would not have to repay $6 billion in loans.
“From day one of my administration, I promised to fix broken student loan programs and make sure higher education is a ticket to the middle class, not a barrier to opportunity,” Biden said. “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’s previous loan cancellation plan was ruled illegal by the Supreme Court. However, his more recent debt transfers rest on a different legal authority than the original, $400 billion-plus plan.
The original program, which was Read more…
