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Biden announces another $7.7 billion in student loan cancellation

Posted on AllSides May 22nd, 2024
From The Right

President Joe Biden has announced another $7.7 billion in student loans will not need to be repaid, with those who stand to benefit having an average of $35,000 in debt written off.

“Today, my administration is canceling student debt for 160,000 more people, bringing the total number of Americans who have benefitted from our debt relief actions to 4.75 million,” Biden said in a prepared statement.

The president said the new round is for loanees enrolled in the Department of Education’s new SAVE Plan, public service workers such as teachers, nurses, and police officers, or people who...

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