The Education Department announced the latest round of cancellation on Wednesday, saying it will erase $7.7 billion in federal student loans.

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.

    • FartsWithAnAccent@lemmy.worldEnglish
      271·
      5 months ago

      Don’t worry, he will right after he beats Trump’s obese ass in the next election and completes a second term <3

        • mynachmadarch@kbin.social
          10·
          5 months ago

          I dunno about FartsWithAnAccent, but I’m getting so fed up and depressed by the current system I’m looking back around to hope. Not expecting, but hoping. Crazed optimism could be next for me.

        • FartsWithAnAccent@lemmy.worldEnglish
          41·
          5 months ago

          All it takes is for Americans to get off their asses and vote.

          That’s literally it. If everyone voted, Trump would lose badly.

          It doesn’t matter how loud they are, Trump’s supporters are a minority at less than 40% of the population.

          Everyone else does not support him or his agenda.