Biden administration to forgive $4.8 billion in student loan debt for 80,300 borrowers

www.cnbc.com

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Biden administration to forgive $4.8 billion in student loan debt for 80,300 borrowers

www.cnbc.com

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politics English • 1 year ago

The Biden administration announced Wednesday that it would forgive an additional $4.8 billion in student loan debt, for 80,300 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.

“Before President Biden took office, it was virtually impossible for eligible borrowers to access the student debt relief they rightfully earned,” U.S. Secretary of Education Miguel Cardona said in a statement. “This level of debt relief is unparalleled and we have no intention of slowing down.”

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14•1 year ago
It was bullshit then its bullshit now but they must have many executive tricks they can use to find a way to insulate it, or just pay it out and let the SCOTUS enforce their stupid ruling

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