US EditionBiden administration to forgive $7.7 billion in student debt for more than 160,000 borrowers
- The Biden administration is forgiving $7.7 billion in student loans for over 160,000 borrowers, adding up to $167 billion for nearly 5 million Americans.
- $5.2 billion is allocated for 66,900 Public Service Loan Forgiveness pursuers, $1.9 billion for 39,200 under income-driven plans, and $613 million for 54,300 in the latest SAVE plan.
- President Joe Biden aims to make higher education a pathway to the middle class, not an obstacle to opportunity.
141 Articles
141 Articles
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…
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.
Staten Island Advance
The Santa Barbara IndependentStudent loan forgiveness: $7.7 billion approved for 160,500 borrowers
STATEN ISLAND, N.Y. — Approximately $7.7 billion in student loan debt relief has been approved for 160,500 borrowers, according to the U.S. Department of Education.
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