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.

  • HubertManne@kbin.social
    3·
    6 months ago

    you make no sense. just because he thinks a ruling is wrong does not mean he does not need to abide by it and he is using any means possible within the law and certainly he meant legally. We know the man that well enough.

    • gastationsushi@lemmy.world
      1·
      6 months ago
      1. The ruling is extremely specific, it doesn’t ban all forgiveness
      2. Biden is doing forgiveness right now and no one says that’s illegal
      3. He can do more forgiveness, I don’t get what your hangup is. SCOTUS is not his master.
      • HubertManne@kbin.social
        1·
        6 months ago

        yes but it did ban blanket. which is why he is carving out sections as he does now. I don’t get you. They stopped him from doing blanket and now he is doing piecemeal as he can. He is doing exactly what you are asking him to do but it sounds like its not fast enough for you. You realize drafting and getting this stuff done is not easy. its not just a declaration like michael scott thought bankruptcy is. This is actually why trump is so bad. He has no concept of the work that is involved for things to happen. Its part of why he so easily did not pay his workers as he just has no concept of what actual work is like and that the majority of things are not done just by making the decision.