Scout Troop 7 presents placard for Southern Oregon Medal of Honor recipient
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Biden Announces Another $7.7 Billion in Student Loan Cancelation
Michael RaineyMay 22, 2024The Biden administration announced Wednesday that it is canceling another $7.7 billion in student loans held by
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Biden administration cancels an additional $7.7 billion in student loans
The latest round of debt relief will be delivered to about 160,000 borrowers who are either enrolled in the president’s repayment program, public servants or in repayment for decades.
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Biden to cancel $7.7 billion in student debt for 160K borrowers
President Joe Biden announced a new round of federal student debt forgiveness Wednesday that his administration said will provide relief to 160,000 borrowers. The Education Department said it's canceling $7.7 billion for certain borrowers who received Public Service Loan Forgiveness, like teachers, nurses and law enforcement officials. The debt relief also applies to some borrowers who signed up for a relatively new income-driven repayment plan known as SAVE and who qualify for a benefit that...