The Education Department announced the latest round of cancellation on Wednesday, saying it will erase $7.7 billion in federal student loans.

The Biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs.

The Education Department announced the latest round of cancellation on Wednesday, saying it will erase $7.7 billion in federal student loans. With the latest action, the administration said it has canceled $167 billion in student debt for nearly 5 million Americans through several programs.

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The latest relief will go to borrowers in three categories who hit certain milestones that make them eligible for cancellation. It will go to 54,000 borrowers who are enrolled in Biden’s new income-driven repayment plan, along with 39,000 enrolled in earlier income-driven plans, and about 67,000 who are eligible through the Public Service Loan Forgiveness program.

  • Lets_Eat_Grandma
    71·
    1 month ago

    Which democrat or republican with significant support from the political parties would you recommend as a replacement?

      • Lets_Eat_Grandma
        51·
        1 month ago

        Weird, this doesn’t sound like a thread you should be in then.

        All major political parties and private organizations seem to be solidly on the side of supporting israel despite the atrocity. Only students and activitists outside the halls of power are very vocal about it. Normal people seem to think the gaza strip invasion is horrible but we have no more say on what the politicians and wealthy do than a foreigner does.

        Since you’re a foreigner i’ll assume you are ignorant about this, but the US President effectively has no say on aid or penalties for foreign parties. Only the members of senate and congress can vote on bills funding the war effort… or removing said funding.