The Biden administration announced it would cancel $5 billion in debt for 74,000 student loan borrowers who spent decades working in public service jobs.

President Joe Biden said in a release on Friday that 44,000 of the approved borrowers had worked in the public sector for 10 years as teachers, nurses, and firefighters. Almost 30,000 borrowers had worked toward student loan repayment for at least 20 years but “never got the relief they earned through income-driven repayment,” he said.