The Education Department announced the latest round of cancellation on Wednesday, saying it will erase $7.7 billion in federal student loans.

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 for nearly 5 million Americans through several programs.

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The latest relief will go to borrowers in three categories who hit certain milestones that make them eligible for cancellation. It will go to 54,000 borrowers who are enrolled in Biden’s new income-driven repayment plan, along with 39,000 enrolled in earlier income-driven plans, and about 67,000 who are eligible through the Public Service Loan Forgiveness program.

  • crusa187
    1613·
    25 days ago

    He’s president of US and has circumvented Congress over 100 times to send 10s of billions worth of bombs to be dropped on Palestinian children’s heads.

    We’re not asking that Biden rule over Israel, simply that he acknowledge the genocide and stop spending our taxpayer dollars to fund it. Why is this considered unreasonable?

    • Cornelius_Wangenheim@lemmy.world
      124·
      25 days ago

      Where exactly do you think the funding for Israel came from if not from Congress? And since you apparently haven’t been paying attention, Biden did stop the delivery of offensive weapons to Israel. In return, Republicans have been pushing a bill that will force delivery.

      I swear you tankies are just as intellectually dishonest as the fascists.

      • WanderingVentra@lemm.ee
        42·
        24 days ago

        Now explain the same administration moving forward other weapon sales even after the “delay of weapons”, stopping the UN from condemning or doing anything about Israel through vetoing resolutions against them, and him and his secretary of state (appointed by him) threatening the ICC, and the world, for wanting to arrest Netanyahu.