My President, the big guy, is ALL-IN on buying votes. 277,000 additional Americans are literally getting a raise, a pay bump, a bonus, but most of all a sigh of relief. He can't be stopped. 9.5% of federal student loan debt wiped.
Biden cancels $7.4 billion in student debt for 277,000 borrowers
https://www.reuters.com/world/us/biden-forgives-74-bln-student-debt-2024-04-12/
The latest round of debt relief affects 277,000 Americans enrolled in the SAVE Plan, other borrowers enrolled in Income-Driven Repayment plans, and borrowers receiving Public Service Loan Forgiveness, the White House said in a statement.
It follows an announcement in March that $6 billion in student loans would be canceled for 78,000 borrowers.
The administration said on Friday it has approved $153 billion in student debt relief for 4.3 million Americans.
206,000 borrowers erase their debt through the new Saving on a Valuable Education plan, which ties monthly student loan payments to earnings and family size. Over 65,000 borrowers will see relief through a fix to income-driven repayment plans and more than 4,600 public servants, such as teachers and nurses, will also see their loans wiped.