The Biden administration announced on Friday that it would forgive $4.9 billion in student debt for 73,600 borrowers. The relief is a result of the U.S. Department of Education’s fixes to its income-driven repayment plans and Public Service Loan Forgiveness Program.

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Biden cancels nearly $5 billion more in student debt relief

Among those who have benefited from the cancellations, 44,000 include teachers, nurses, firefighters and other public service workers

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Evgeny Lebedev

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Biden cancels billions more in student debt

Republicans say President Joe Biden's plan to start canceling student loans for some borrowers in February is an attempt to win voters ahead of the 2024 presidential election. Cancellation was

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United States

Some Americans will get their student loans canceled in February as Biden accelerates his new plan

U.S. President Joe Biden on Friday announced student debt cancellation of nearly $5 billion for an additional 74,000 borrowers, including more than half who earned forgiveness after 10 years of public service as teachers, nurses and firefighters.
The White House announcement brings the total loan forgiveness approved by the Biden-Harris administration to $136.6 billion for more than 3.7 million Americans.

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US President Joe Biden on Friday announced cancellation of USD 5 billion in debt for more than 74,000 students, many of whom are Indian Americans. Cancelling student debt was one of the key poll promises of Biden in the 2020 elections. "Today, my administration approved debt cancellation for another 74,000 student loan borrowers across the country, bringing the total number of people who have gotten their debt cancelled under my administration t…

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Biden Announces $5 Billion Debt Cancellation For Over 74,000 Students

Biden administration forgives student debt for 74,000 borrowers, providing $5 billion relief.

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Breaking down US President Joe Biden's student debt forgiveness: 10 key points

President Joe Biden approved student loan relief for another 74,000 borrowers on Friday, waiving $4.9 billion in debt.

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Latest student debt relief: $5 billion for longtime borrowers, public servants

The Biden administration will start canceling student loans for some borrowers starting in February as part of a new repayment plan

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Joe Biden’s administration is going to forgive nearly $5 billion in college loans to roughly 73,600 borrowers, despite the fact the U.S. Supreme Court just ruled in Biden v. Nebraska that the Higher Education Relief Opportunities for Students Act, HEROES Act, didn’t give the White House the authority to wipe out student debt.

Washington Times

The Washington Times LLC

The sin and socialism of Biden’s college loan forgiveness

By COLLIN BINKLEY
AP Education Writer WASHINGTON (AP) — The Biden administration will start canceling student loans for some borrowers starting in February as part of a new repayment plan. Cancellation was originally set to begin in July under the new SAVE repayment plan but is being unrolled ahead of schedule to provide faster relief to borrowers. President Joe Biden says it’s part of an effort “to act as quickly as possible to give more borrow…

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(CNN) — The White House announced Friday that some student loan borrowers enrolled in President Joe Biden’s SAVE plan may see their remaining balance wiped away starting next month. The forgiveness, originally scheduled to go into effect in July, comes ahead of schedule and applies to borrowers with a federal student loan balance of $12,000 or less who have been making payments for at least 10 years. “This action will particularly help community…

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Student loan forgiveness under SAVE plan to begin next month

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Biden administration to forgive $4.9 billion in student debt for 73,600 borrowers

Biden administration to forgive $4.9 billion in student debt for 73,600 borrowers

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