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 Wednesday, saying it will erase $7.7 billion in federal student loans. With the latest action, the administration said it has canceled $167 billion in student debt for nearly 5 million Americans through several programs.

The latest relief will go to borrowers in three categories who hit certain milestones that make them eligible for cancellation. It will go to 54,000 borrowers who are enrolled in Biden’s new income-driven repayment plan, along with 39,000 enrolled in earlier income-driven plans, and about 67,000 who are eligible through the Public Service Loan Forgiveness program.

      • FenrirIII@lemmy.world
        link
        fedilink
        arrow-up
        0
        ·
        4 months ago

        As if he’s the president of Israel. Where have you people been while Yemen, Myanmar, Sudan, etc. all experience genocide?

        • steal_your_face@lemmy.ml
          link
          fedilink
          English
          arrow-up
          0
          ·
          4 months ago

          Did we supply those countries with weapons to commit genocide?

          I personally think it’s stupid to not vote for Biden but your argument doesn’t really make sense.

          • Sgn@programming.dev
            link
            fedilink
            arrow-up
            0
            arrow-down
            1
            ·
            4 months ago

            Yes, the USA literally sent weapons to the Saudis to bomb Yemen,

            Also if you don’t supply weapons to a country, they shouldn’t have sympathy??? You are the one who doesn’t make sense