WASHINGTON D.C. (KABC) -- The Biden Administration on Friday announced it has approved another $5 billion in debt relief.
The move covers student loans for 74,000 people, many of them public workers such as teachers, nurses and firefighters.
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It also applies to people those who have been in a repayment plan for 20 years but never saw their debts forgiven.
More than 3.7 million people have gotten their debt canceled under the Biden Administration.
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"From Day One of my Administration, I vowed to improve the student loan system so that a higher education provides Americans with opportunity and prosperity - not unmanageable burdens of student loan debt," Biden said in a statement released online. "I won't back down from using every tool at our disposal to get student loan borrowers the relief they need to reach their dreams."