Biden Wipes Out $7.7 Billion in Student Debt for 160,000 Borrowers
May 22, 2024
President Joe Biden announced on Wednesday the cancellation of $7.7 billion in student debt for 160,000 borrowers. This relief targets three groups: nearly 67,000 borrowers eligible through the Public Service Loan Forgiveness program, around 54,000 enrolled in a new income-driven repayment plan, and 39,200 in earlier income-driven plans. The administration
