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Biden has already wiped away more than $175 billion in loans for millions of student borrowers, as part of a 2020 campaign promise to eliminate their debt.
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 ...
Biden's second proposal sought to cancel up to $20,000 in interest for Americans who owe more than they borrow, as well as cancel all debt for those who have been repaying undergraduate loans for ...
President Joe Biden announced last week the cancellation of $1.2 billion in student debt for 153,000 borrowers—an average of $7,843 per borrower. The move is one of dozens he’s made since 2021 ...
U.S. President Joe Biden on Wednesday announced the cancellation of another $7.7 billion in student debt for 160,000 borrowers, bringing the total number of people to benefit from his debt relief ...
Biden campaigned on a promise of widespread student loan cancellation, but last year the Supreme Court blocked his proposal to cancel up to $20,000 for 40 million Americans. Biden ordered his ...
But as president, Biden has faced relentless challenges from Republican opponents. For the roughly 42 million people with federal student loans, hope of having them forgiven has turned into resignation and disillusionment. Biden's first plan to cancel up to $20,000 for millions of people was blocked by the Supreme Court last year.
The Biden administration released its latest proposal to cancel student loans for millions of Americans on Friday, pushing ahead with the effort even as its other major attempts at debt relief ...