The Biden administration announced it is canceling $5.8 billion in student loan debt for nearly 80,000 public service workers, including nurses, teachers and firefighters. In a statement announcing the move, President Joe Biden says those workers never got the relief they were entitled to under the law.us polictics news The Biden administration announced it is canceling $5.8 billion in student loan debt for nearly 80,000 public service workers, including nurses, teachers and firefighters. In a statement announcing the move, President Joe Biden says those workers never got the relief they were entitled to under the law.