US PRESIDENT JOE BIDEN CANCELS $6BN IN STUDENT DEBT FOR PUBLIC SERVICE WORKERS

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President Joe Biden has announced that he is cancelling nearly $6bn in student debt for 78,000 public service workers.

Teachers, nurses and firefighters are among those eligible for the relief, the White House said.

To date, Mr Biden has cancelled $143bn in debt for nearly 4 million people.

In this latest move, 78,000 public service workers will see an average of about $77,000 of student loan debt cancelled.

Around 43 million people in the US have student loan debt, with federal loans making up the vast majority.