"Biden Administration Announces $7.4 Billion Student Debt Cancellation, Faces Legal Threat"

The Biden administration will cancel $7.4bn in student debt for 277,000 borrowers, part of a broader plan to ease student debt for at least 23 million Americans. This latest round of debt relief affects borrowers enrolled in various repayment plans and follows a previous announcement of $6bn in student loan cancellations. The move addresses a key issue for young voters and comes after Biden's broader plan to cancel $430bn in student loan debt was blocked by the US supreme court. The issue of student loan forgiveness remains contentious, with Republicans criticizing it as an overreach of authority and unfair to non-college-educated borrowers.