Zach Montague
Guest
Offline
![22dc-studentloans-fwvk-facebookJumbo.jpg](/proxy.php?image=https%3A%2F%2Fstatic01.nyt.com%2Fimages%2F2024%2F05%2F22%2Fmultimedia%2F22dc-studentloans-fwvk%2F22dc-studentloans-fwvk-facebookJumbo.jpg&hash=f35a2967bdff3a2610ad3d2b72f3a352)
President Biden announced on Wednesday the cancellation of $7.7 billion in student loans held by 160,000 borrowers, building on his strategy of chipping away at college debt by tweaking existing programs as his administration pursues a larger forgiveness plan.
Many borrowers in this round — who qualified through public service loan forgiveness, the president’s SAVE plan or another income-driven repayment plan — have already begun receiving emails notifying them of their approvals, the Education Department said in a statement.
The steady drumbeat of...
Continue reading...