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.

  • @psycho_driver
    link
    127 months ago

    Don’t like how they’re handling Israel and their genocidal efforts but fuck Trump and his fascist attempts to end Democracy. Biden is the only option.

    • @Daft_ish
      link
      9
      edit-2
      7 months ago

      Right. I HOPE anyone pissing and moaning about Biden right now is a plant because if not the other shoe is about to drop if Trump wins and its going strait up their ass.