The Biden administration is canceling more student loan debt. The administration this week is canceling one-point-two-billion dollars worth of student loans for some 153-thousand people. This latest round of loan forgiveness applies to people enrolled in a debt relief program and covers those who borrowed 12-thousand dollars or less who have been repaying the money […]
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Biden cancels $1.2 billion dollars in additional student loans
The Biden administration is canceling more student loan debt. The administration this week is canceling one-point-two-billion dollars worth of student loans for some 153-thousand people. This latest round of loan forgiveness applies to people enrolled in a debt relief program and covers those who borrowed 12-thousand dollars or less who have been repaying the money for at least 10 years. That program was introduced last year after the Supreme Court struck down President Biden’s original student debt relief program.