Biden to forgive $7.4 billion more in student loan debt for 277,000 borrowers | CNN Politics
www.cnn.com
The Biden administration said Friday that is using existing student loan forgiveness programs to cancel another round of student debt, totaling $7.4 billion for 277,000 borrowers.

The Biden administration said Friday that is using existing student loan forgiveness programs to cancel another round of student debt, totaling $7.4 billion for 277,000 borrowers.

Under President Joe Biden, the Department of Education has made it easier for some specific groups of borrowers, like public sector workers, to qualify for loan forgiveness. It also launched a new repayment plan that creates a shorter pathway to loan forgiveness for many low-income borrowers – and is at issue in at least two legal challenges from Republican-led states.

In total, the Biden administration has authorized the cancellation of $153 billion in student loan debt for nearly 4.3 million people. That’s more than 9% of all outstanding federal student loan debt.

  • pimento64
    256·
    9 months ago

    The president isn’t a king dipshit, he straight up doesn’t have the power to do whatever he wants, by design.

      • yesoutwater@lemm.ee
        251·
        9 months ago

        “Learn a bit of your own history” posts links from 3 mo ago

        You got em. The long and storied history of q1, 2024.

      • pimento64
        151·
        9 months ago

        “Seethe mother fucker” coming from a guy who talks at you like an anime villain and accidentally contradicts his own point about the U.S. legislative process. Take a break bro.