President Joe Biden revealed that his administration will be canceling more than $7 billion in student debt for 160,000 people.Wednesday announcing that 160,000 people in the United States would have their student loans canceled, erasing a total of $7.7 billion in student debt for those people.“Today, my Administration is canceling student debt for 160,000 more people, bringing the total number of Americans who have benefitted from our debt relief actions to 4.
Biden explained that the 160,000 people who were having their student debt forgiven were people working as teachers, nurses, or even in law enforcement who had enrolled in the Biden administration’s Saving on a Valuable Education Plan.student debt for more than 270,000 people. Those who had their student debt canceled in April were borrowers who were enrolled in Biden’s SAVE Plan.
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Source: Education Headlines (educationheadlines.net)
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