Biden administration cancels an additional $7.7 billion in student loans
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Biden Administration Transfers Another $7.7 Billion in Student Debt to Taxpayers
Joe Biden announced he will be erasing $7.7 billion in student debt for 160000 Americans under the SAVE plan and other methods adopted by...
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Biden administration announces additional $7.7 billion in student debt relief
The Biden administration on Wednesday announced the cancellation of an additional $7.7 billion in student loans for 160,000 Americans in its ongoing efforts to relieve soaring college debt. As the November election looms, the administration has been eager to highlight progress in its debt cancellation programs, making announcements such as this one nearly once a month. President Joe Biden has faced blowback from Republicans who accuse the administration of transferring the burden to taxpayers...
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Biden administration cancels $7.7 billion in student debt for 160,500 people. Here's who qualifies.
The White House on Wednesday said it has approved $7.7 billion of student debt cancellation for 160,500 borrowers, part of its ongoing effort to provide relief after the Supreme Court last year blocked President Joe Biden's plan for broad-based college loan forgiveness. With the latest round of forgiveness, the administration has erased a total of $167 billion in student loans for 4.75 million people, or about 1 in 10 student loan borrowers, the Department of Education said. The people who...