"Biden Administration Forgives $1.2 Billion in Student Debt for 153,000 Borrowers"
TL;DR Summary
President Joe Biden announced the cancellation of federal student loans for nearly 153,000 borrowers as part of a new repayment plan, emphasizing the burden of unsustainable debt for college graduates. The administration began notifying eligible borrowers about the SAVE program, which offers faster loan forgiveness, with the first round set to clear $1.2 billion in loans. Biden highlighted the economic benefits of loan relief and expressed his commitment to fixing the student loan system, despite the Supreme Court striking down his plan for widespread forgiveness.
- Student loans for nearly 153,000 borrowers are being canceled The Associated Press
- Biden Cancels $1.2 Billion in Student Loan Debt for 150000 Borrowers The New York Times
- Nearly 153,000 borrowers get student loans canceled under new Biden plan NPR
- Wednesday’s Mini-Report, 2.21.24 MSNBC
- Biden administration is forgiving $1.2 billion in student debt for 153,000 borrowers. Here's who qualifies. CBS News
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