Biden says he is forgiving $5 billion in student debt for another 74,000 Americans
Washington — 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.
The debt relief is the result of fixes to income-driven repayment forgiveness and the Public Service Loan Forgiveness program, according to the Education Department. 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 Americans 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.
“From day one of my administration, I vowed to improve the student loan system so that a higher education provides Americans with opportunity and prosperity — not unmanageable burdens of student loan debt,” he said in a statement. “I won’t back down from using every tool at our disposal to get student loan borrowers the relief they need to reach their dreams.”
Education Secretary Miguel Cardona said the loan forgiveness comes while the Biden administration is working to provide greater debt relief to borrowers.
“The Biden-Harris administration has worked relentlessly to fix our country’s broken student loan system and address the needless hurdles and administrative inaccuracies that, in the past, kept borrowers from getting the student debt forgiveness they deserved,” he said.
Since the start of his presidency, Mr. Biden has undertaken several efforts to tackle student debt, including rolling out a new income-driven repayment plan last year and forgiving debt for certain types of borrowers, including those who worked in public service and are disabled. The president announced this month that those who took out less than $12,000 in loans and have been in repayment for 10 years will also have their remaining debt canceled, beginning in February.
Mr. Biden’s most sweeping effort was a program that would’ve provided relief to 40 million Americans who stood to have up to $20,000 in student debt wiped clean, but the plan was blocked by the Supreme Court in June. The high court determined that federal law did not authorize the loan forgiveness plan.
Top 10 Best Assisted Living Facilities Riverside, CA: A Professional Partnership
Dear Facility Owners and Managers,
The quest for superior assisted living options in Riverside, CA is a vital one. As a trusted name in the industry, Top 10 Best Assisted Living Facilities Riverside CA is not just here to list but to partner with you in showcasing the outstanding care and comfort your establishments provide.
Reach Out
If you’re navigating the complexities of the assisted living industry and seeking to amplify your facility’s presence, reach out to us. We understand the nuances of your operations and the essence of the communities you manage. Our dedicated team is poised to offer tailored solutions that resonate with your vision and the needs of the Riverside senior community.
Our Exclusive Services:
Assisted Living Facilities Blogging
Our in-house team of expert writers craft original, well-researched, and compelling blog articles tailored to the discerning standards of facility owners, managers, and industry insiders. Trust in Top 10 Best Assisted Living Facilities Riverside CA to position your establishment as a beacon of excellence in Riverside’s assisted living sphere.
Professional Content Creation
We pride ourselves on upholding the highest standards of journalism in all our content. Whether it’s detailed insights about luxurious senior living amenities, spotlights on Riverside neighborhoods, or deep dives into the unique features of your establishment, our commitment is to authentically represent and amplify the excellence of Riverside’s assisted living community.
Social Media Management & Promotion
The power of social media in today’s digital landscape cannot be understated. We offer comprehensive social media management services, designed to not only enhance your facility’s online presence but also drive traffic and brand recognition through our established channels. Let us ensure your brand’s voice is heard, consistent, and impactful.
Website Maintenance
Your online portal should be a seamless extension of the top-tier services you offer. We extend website maintenance services, ensuring that your facility’s digital home remains updated, secure, and in line with best industry practices, offering a premium user experience.
Google News Article Creation & Posting
Harness the power of Google News with our specialized services. Our team is adept at creating and publishing articles that promote your brand, driving targeted traffic and positioning your facility at the forefront of industry discussions.
For detailed discussions, collaborations, or to understand how our suite of services can elevate your facility’s brand presence, please connect with us at mybusinessdirectoryservices@gmail.com.
Warmest regards,
The Team at Top 10 Best Assisted Living Facilities Riverside CA
Article Content Writer
We write articles for all businesses. We produce content that can include blog posts,website articles, landing pages, social media posts, direct to Google New. Reach out for more information to mybusinessdirectoryservices@gmail.com
Best to You, Tony.
