Biden announces the remission of roughly $5 billion in student loans

Biden announces the remission of roughly $5 billion in student loans

President Biden on Wednesday announced the cancellation of an additional $4.8 billion in student loans, with the intention of providing assistance to federal borrowers employed in public service occupations. Approximately 80,000 borrowers will benefit from the debt reduction; according to the White House, clerical problems prevented almost half of them from receiving relief through their … Read more