AssetID: 53593013
Headline: UNCAPTIONED: Biden Administration to Invest $8.5 Billion in Intel's Computer Chip Plants
Caption: Biden Forgives $6 Billion in Student Debt for Public Service Workers. On March 21, the Biden administration canceled nearly $6 billion in student loans for approximately 80,000 public service workers, NPR reports. Such workers include teachers, nurses, firefighters and more. "These public service workers have dedicated their careers to serving their communities, but because of past administrative failures, never got the relief they were entitled to under the law.", "Because of the fixes my administration has made, we have now canceled student debt for over 870,000 public service workers — compared to only about 7,000 public service borrowers ever receiving forgiveness prior to my administration." Those who are eligible for this round of student loan forgiveness will receive an email next week. Thousands more who are enrolled in the Public Service Loan Forgiveness program will receive emails "if they are within two years of having their debt forgiven," NPR reports. The announcement comes as the president travels the country to campaign for reelection. "From day one of my administration, I promised to fix broken student loan programs and make sure higher education is a ticket to the middle class, not a barrier to opportunity.", President Joe Biden, via statement. "I won't back down from using every tool at my disposal to deliver student debt relief to more Americans, and build an economy from the middle out and bottom up.", President Joe Biden, via statement. THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Biden Administration,Intel,Computer Chip Plants,Funding,Loans,CHIPS and Science Act,Arizona,Ohio,New Mexico,Oregon,Jobs,Manufacturing,Construction,Commerce Secretary Gina Raimondo,Artificial Intelligence,Military Systems,Presidential Campaign,Pat Gelsinger,Industrial Policy Legislation,Semiconductor Industry.
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