Biden administration to forgive $7.7 billion in student debt for more than 160,000 borrowers

Biden administration canceling loans for another 160,000 students

WASHINGTON — 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 […]...Keep on reading: Biden administration canceling loans for another 160…

Biden Cancels More than $7 Billion in Student Debt for 160,000 People

President Joe Biden revealed that his administration will be canceling more than $7 billion in student debt for 160,000 people.

Biden cancels $7.7 billion in student debt for 160,000 borrowers

By Naveen Athrappully Contributing Writer  President Joe Biden announced his latest student loan forgiveness plan by canceling $7.7 billion in debts, taking the total amount of such loans canceled under his administration to $167 billion.  “Today, my administration is canceling student debt for 160,000 more people, bringing the total number of Americans who have benefitted from our debt relief actions to 4.75 million,” Biden said in a statement …

A 'handout' or 'relief'? News coverage of Biden's $7.7B student loan forgiveness

President Joe Biden announced Wednesday, May 22, that more than 160,000 borrowers will not have to repay $7.7 billion in student loans. The move is part of the ongoing debate surrounding student loan forgiveness, a topic that remains politically divisive. This latest round of student loan forgiveness comes after the Supreme Court rejected the Biden administration’s broader loan forgiveness program last summer. The Department of Education reporte…

Biden administration announces plan to erase another $7.7 billion in student loans

WASHINGTON -- The Biden administration says it is canceling the student-loan debt of an additional 160,000 borrowers in three specific demographics. The plan was announced Wednesday by the Education Department and will result in an estimated $7.7 billion in forgiveness, according to the Associated Press.

Biden administration cancels another $7.7B in student loans | Honolulu Star-Advertiser

WASHINGTON >> President Joe Biden announced today the cancellation of $7.7 billion in student loans held by 160,000 borrowers, building on his strategy of chipping away at college debt by tweaking existing programs as his administration pursues a larger forgiveness plan.