President Joe Biden revealed that his administration will be canceling more than $7 billion in student debt for 160,000 people.
President Joe Biden revealed that his administration will be canceling more than $7 billion in student debt for 160,000 people.
The White House issued a statement Wednesday announcing that 160,000 people in the United States would have their student loans canceled, erasing a total of $7.7 billion in student debt for those people.
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In June 2023, the Supreme Court issued a 6-3 decision to block Biden’s plan to cancel $430 billion in student loan debt for almost 40 million people.
“Today, my Administration is canceling student debt for 160,000 more people, bringing the total number of Americans who have benefitted from our debt relief actions to 4.
