Biden massively expands his student loan bailout as end of term approaches

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Biden massively expands his student loan bailout as end of term approaches

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The Biden administration canceled an additional $4.28 billion in student loan debt as the end of the term ends in just one month. The latest round of debt forgiven as approved for nearly 55,000 public service workers. The move brings the total student loan debt forgiven under the Biden administration to nearly $180 billion for some 4.9 million borrowers. However, the administration also announced it is withdrawing unfinished rules that would have provided for additional debt relief for more than 38 million Americans.
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