Biden administration canceling student loans for another 160,000 borrowers
Posted on AllSides May 22nd, 2024
From The Left
![Miguel Cardona Education, Politics, Student Loan Forgiveness, Joe Biden](https://www.allsides.com/sites/default/files/styles/news_large_image/public/download_67.webp?itok=hVjR_ZXL)
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...