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Business News›News›International›World News›Joe Biden cancels USD 1.2 billion federal student loans debt for nearly 153,000 borrowers
Joe Biden cancels USD 1.2 billion federal student loans debt for nearly 153,000 borrowers
President Joe Biden said Wednesday that while a college degree was still a ticket to a better life, that ticket is often too expensive, as he announced he was canceling federal student loans for nearly 153,000 borrowers. Biden, who is in the midst of a three-day campaign swing through California, made the announcement as part of a new repayment plan that offers a faster path to forgiveness, putting the spotlight on his debt cancellation efforts in his reelection campaign.
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