Biden to forgive $7.4 billion more in student loan debt for 277,000 borrowers | CNN Politics
www.cnn.com
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.

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.

  • HWK_290@lemmy.worldEnglish
    464·
    3 months ago

    Jfc, what do you people want him to do? Intransigent congress and corrupt supreme court basically means any comprehensive forgiveness is DOA. This is going to help people, bottom line.

    Wait, I forgot, yours is a bad faith argument. Das vadanya

    • Zipitydew@sh.itjust.works
      111·
      3 months ago

      Just flag them and move on. That account constantly posts brain dead anti-Biden takes. They’re not here for reasonable discussion.

      • HWK_290@lemmy.worldEnglish
        5·
        3 months ago

        Thanks, done! My blocklist is getting too big. Surprised something as small as lemmy attracts so many trolls

        • Riven@lemmy.dbzer0.com
          7·
          3 months ago

          It’s specifically because it’s lemmy that it does. The more freedoms a platform has the more of them come out of the wood work. Hence 4chan being so full of them.