Biden announces $4.7 billion in new student loan forgiveness ahead of election

The Biden administration is plugging its student loan plans one more time ahead of Election Day, announcing another $4.7 billion of loans that will not have to be repaid by roughly 60,000 people. “For too long, the government failed to live up to its commitments, and only 7,000 people had ever received forgiveness under Public Service Loan Forgiveness before Vice President Kamala Harris and I took office,” President Joe Biden said in a prepared statement. “Now over 1 million public service workers have gotten the relief they are entitled to...