Biden canceling student debt for more than 277,000 borrowers
Posted on AllSides April 12th, 2024
From The Center
President Biden announced Friday he would be canceling student debt of more than 277,000 borrowers.
The administration is forgiving $7.4 billion for borrowers in more than 40 states in the latest debt relief program, bringing the total amount of student loan cancellation over Biden’s presidency to $153 billion.
The latest loan forgiveness initiative is coming through various income-driven repayment (IDR) plans, including the president’s newly established SAVE program.
“From day one of my Administration, I promised to fight to ensure higher education is a ticket to the middle class, not...
