With the latest action, the administration said it has canceled $167 billion in student debt for nearly 5 million Americans through several programs.

The Biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs.

The Education Department announced the latest round of cancellation on Wednesday, saying it will erase $7.7 billion in federal student loans. With the latest action, the administration said it has canceled $167 billion in student debt for nearly 5 million Americans through several programs.

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The latest relief will go to borrowers in three categories who hit certain milestones that make them eligible for cancellation. It will go to 54,000 borrowers who are enrolled in Biden’s new income-driven repayment plan, along with 39,000 enrolled in earlier income-driven plans, and about 67,000 who are eligible through the Public Service Loan Forgiveness program.

  • partial_accumen@lemmy.world
    2·
    6 months ago

    As I said before, congress passed a law that allowed presidents to forgive debt, are you saying congress didn’t support that?

    For the third time point to valid source.

    “what can be asserted without evidence can also be dismissed without evidence” -Hitchens

    Consider yourself dismissed. You’re dancing from point to point as soon as your current point is too weak. I’m guessing you’ll just do that forever because your arguments are too weak to defend. Feel free to reply to oblivion. I won’t be replying. Have a nice day.

    • gastationsushi@lemmy.world
      13·
      6 months ago

      Just look up the law the Biden administration cited in his original debt relief and his response to SCOTUS.

      Why would you argue with someone online about student debt forgiveness when you don’t even know basics like the law Biden cited.