Thousands of additional public service workers have student loans forgiven

Thousands of additional public service workers have student loans forgiven

Assessment

Interactive Video

Social Studies, Business

University

Hard

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President Biden announced the cancellation of $1.2 billion in student debt, impacting 35,000 public service workers. The debt forgiveness applies to teachers, nurses, and first responders who have dedicated their lives to community service. This initiative, part of the Public Service Loan Forgiveness program, aims to provide these individuals with more financial breathing room.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much student debt is being canceled by President Biden?

$1.2 billion

$12 billion

$120 million

$1.2 million

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which group of workers is primarily affected by the debt cancellation?

Corporate executives

Public service workers

Private sector employees

Freelancers

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who are some of the specific beneficiaries mentioned in Biden's statement?

Artists and musicians

Lawyers and judges

Teachers, nurses, and first responders

Engineers and architects

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of the Public Service Loan forgiveness fixes?

To extend loan repayment periods

To increase loan interest rates

To reduce the number of eligible workers

To provide more financial relief to workers

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What benefit do the workers gain from the loan forgiveness fixes?

Higher salaries

More breathing room to support themselves and their families

Free housing

Additional vacation days