"Biden's $1.2 Billion Student Loan Forgiveness Plan Benefits 150,000 Borrowers"

President Biden announced the cancellation of $1.2 billion in student loan debt for over 150,000 borrowers, using executive actions to bring the total debt forgiven to $138 billion for nearly 3.9 million people. The relief targets those who originally borrowed up to $12,000 and have been making monthly loan payments for at least 10 years. Republicans criticized the move as a taxpayer-funded ploy, while Biden emphasized the impact on young voters. Biden also attended a fundraiser in Los Angeles and outlined his priorities for a potential second term, before heading to the Bay Area for additional events.