Reported 5 months ago
President Biden has announced the cancellation of an additional $7.7 billion in student debt for 160,000 borrowers, bringing the total number of beneficiaries to 4.75 million. This move is seen as an effort to regain support among young voters ahead of the upcoming presidential election, despite facing opposition from Republicans. Biden's administration has now approved a total of $167 billion in student debt relief, with a focus on assisting public service workers and others enrolled in the Saving on a Valuable Education (SAVE) Plan.
Source: YAHOO