"Biden administration forgives over $9 billion in student loan debt, benefiting thousands"

The Biden administration will forgive an additional $4.8 billion in student loan debt for 80,300 borrowers, as a result of fixes to income-driven repayment plans and the Public Service Loan Forgiveness program. Over $2 billion will go to borrowers in income-driven repayment plans, while $2.6 billion will be canceled for borrowers in public service for a decade or more. This brings the total amount of student debt canceled by the Biden administration to nearly $132 billion for over 3.6 million Americans. The move is expected to help President Biden in his reelection campaign, as voters support forgiving at least some student loan debt by a 2-to-1 margin.