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Biden administration forgives $6 billion in student debt. Here's who qualifies for forgiveness.
CBSN
The Biden administration on Thursday said it is forgiving almost $6 billion in student debt for 77,700 borrowers, with those recipients scheduled to receive an email from President Joe Biden alerting them about their debt cancellation.
The people who qualify for the latest round of student loan forgiveness are public service employees, such as teachers, nurses, social workers and firefighters, the White House said in a statement. On a per-person basis, the forgiveness amounts to about $77,000 per person.
Ever since the Supreme Court last year invalidated the Biden administration's plan for broad-based student loan forgiveness, the Biden administration has sought to rely on existing and new loan repayment plans to provide debt relief to almost 4 million people. Americans are carrying about $1.77 trillion in student debt, a financial burden that some college grads say has made it tougher to achieve financial milestones like buying a home.
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Vice President JD Vance and Ukrainian President Volodymyr Zelenskyy held a high-stakes meeting at this year's Munich Security conference to discuss the Trump administration's efforts to end the war in Ukraine. Vance said the U.S. seeks a "durable" peace, while Zelenskyy expressed the desire for extensive discussions to prepare for any end to the conflict.
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Washington — The Trump administration on Thursday intensified its sweeping efforts to shrink the size of the federal workforce, the nation's largest employer, by ordering agencies to lay off nearly all probationary employees who hadn't yet gained civil service protection - potentially affecting hundreds of thousands of workers.
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It was Labor Day weekend 2003 when Matt Scribner, a local horse farrier and trainer who also competes in long-distance horse races, was on his usual ride in a remote part of the Sierra Nevada foothills — just a few miles northeast of Auburn, California —when he noticed a freshly dug hole along the trail that piqued his curiosity.