President Joe Biden Message Board

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Politics : President Joe Biden

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From: GPS Info	4/12/2024 2:28:44 PM
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Biden cancels another $7.4bn in student loans for more than 277,000 12 April 2024 US President Joe Biden has announced that he is cancelling $7.4bn (£5.9bn) in student debt for more than 277,000 people. This comes days after he announced a proposal to help millions of Americans pay off student loans. The "Plan B" aims to fulfil a campaign promise ahead of November's election. To date, the Biden-Harris Administration has cancelled $153bn (£122bn) in debt for 4.3 million people. This latest round of debt relief will be split into three categories: $3.6bn for nearly 206,800 borrowers enrolled in the government's Saving on a Valuable Education (Save) repayment plan $3.5bn for 65,800 borrowers through income-driven repayment plans $300m for 4,600 borrowers through fixes to Public Service Loan Forgiveness Those impacted by the cancellations will receive emails informing them starting from Friday, and the Department of Education says the relief will be processed in the coming weeks. full article: bbc.com

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