Biden Administration Forgives $9 Billion In Student Debt, Benefitting 150,000
Days after the resumption of federal student loan payments, the Biden administration okayed debt relief worth $9 billion for 125,000 more student loan seekers. Student loan payments resumed after a pause of more than three years under two administrations. Earlier, the Supreme Court set aside President Joe Biden‘s program under which student loans are forgiven. This program pledged up to $20,000 in debt relief. But despite the court’s decision against the program, the government has continued to grant loan forgiveness using other initiatives. For its part, the administration considers the stude...