US President Joe Biden’s government is cancelling student loans for another 55,000 people in the United States, totaling $4.2 billion in debt forgiveness only weeks before he leaves office. The White House stated in a statement on Friday that the decision will harm public sector personnel, such as teachers, nurses, and law enforcement officials.

Reports of 14 injured after missile strike near Israel’s Tel Aviv city Israeli military said air defences failed to intercept missile fired from Yemen Click to pause breaking news ticker Close Breaking News Ticker News | Joe Biden Biden cancels another $4.2bn in US student loans before leaving office Move brings total in student loan forgiveness during Joe Biden’s term as president to $180bn, Education Department says. A person rallies in support of student loan forgiveness in the US Advocates have been pushing US President Joe Biden to follow through on his promise to cancel billions of dollars in student loans [File: Nathan Howard/Reuters] Published On 20 Dec 2024 20 Dec 2024 US President Joe Biden’s administration is cancelling student loans for another 55,000 people in United States, amounting to $4.2bn in debt forgiveness just weeks before his time in office ends.

The White House stated in a statement on Friday that the decision will harm public sector personnel, such as teachers, nurses, and law enforcement officials.

have the breathing room to start businesses, save for retirement, and pursue life plans they had to put on hold because of the burden of student loan debt,” the White House said. In a separate statement, the Department of Education said the Biden administration had forgiven a total of about $180bn in student loans. Friday’s announcement is expected to be the final round of public service loan forgiveness before Biden leaves office in January.

The Democratic president had unveiled a landmark forgiveness programme in 2022 to cancel hundreds of billions of dollars in student debt.