Biden Admin to Wipe Out $1.2 Billion Federal Student Loan Debt for 153,000 Borrowers
The move comes as President Joe Biden’s latest attempt to offer large-scale student loan cancellation. A total of $1.2 billion in federal student loan debt will be automatically discharged for 153,000 borrowers enrolled in President Joe Biden’s “most generous ever” repayment plan, the U.S. Department of Education said on Wednesday. To be eligible for the