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Biden administration canceling student loans for another 160,000 borrowers

Posted on AllSides May 22nd, 2024
From The Left
Education, Politics, Student Loan Forgiveness, Joe Biden
AP Photo/Susan Walsh

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.

“From day one of my administration, I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity,” President Joe Biden said in a statement. “I...

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https://apnews.com/article/biden-student-loan-cancellation-debt-forgiveness-60ffeaec17737d6317b4aee188893cc4

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