The Education Department said it "intends to commit its limited operational resources to helping at-risk borrowers return to repayment successfully."

The Education Department effectively halts the regulations before the inauguration of Trump, who has voiced opposition to both

President Joe Biden's administration rolled out an additional $4.28 billion in student loan forgiveness for borrowers under the Public Service Loan Forgiveness (PSLF) plan Friday.

Around $4 billion in student loan forgiveness will benefit 55,000 public service employees through the Public Service Loan Forgiveness program

President Biden announced on Friday he would be canceling more student debt for tens of thousands of public service workers, possibly his last major move on the issue before leaving office in a

Almost 55,000 Americans working in the public service will have their collective $4.28 billion worth of student debt forgiven, U.S. President Joe Biden announced Friday.

The Biden-Harris administration will cancel the debt for more than 50,000 public service workers, allocating $4.2 billion for student loan relief.

US President Joe Biden has asked authorities to direct USD 571.3 million in defence articles and services of the Department of Defence, and military education and training assistance to Taiwan.

KEY TAKEAWAYS President Joe Biden's administration has scrapped a proposal to provide student debt relief to borrowers who experienced financial hardships.The Department of Education insisted the withdrawal was due to timing and the administration had the authority to administer this relief.

President Joe Biden's administration announced on Friday another $4.28 billion dollars in student loan relief for nearly 55,000 public service workers.

Friday's action brings the total public service student loans forgiven to about $78 billion for nearly 1.1 million workers, the department said.