The latest tranche of debt forgiveness brings the total number of people benefiting from student loan cancelations to more than 5 million, the president said.

Summary

President Biden announced student loan forgiveness for 150,000 additional borrowers, raising the total to over 5 million under his administration.

The latest beneficiaries include borrowers defrauded by schools, individuals with disabilities, and public service workers.

Biden emphasized his focus on expanding pre-existing forgiveness programs after his broad plan was struck down by the Supreme Court in 2023.

Conservatives and Trump argue the efforts overstep executive authority and unfairly shift costs.

Biden called the initiative a fulfillment of his promise to reduce financial barriers to education.

  • @4am@lemm.ee
    9•6 months ago

    The fact that you began this comment with “ITT” makes we wonder if you’re doing a bit or not

      • @Bremmy@lemmy.ml
        0•6 months ago

        That person was wondering about a question and you implied your own bias. Makes taking anything else you say less credible