President Biden will cancel an additional $9 BILLION in student debt for 125,000 student loan borrowers today. That means President Biden has cancelled of over $127 billion in student debt for 3.5 MILLION Americans.
太长了，贴前几段吧 President Biden announced student-debt forgiveness for another tranche of Americans on Wednesday, months after the Supreme Court blocked the administration’s most ambitious borrower-relief plan. The string of politically advantageous announcements comes thanks to the administration’s use of existing programs that allow the government to waive debt for certain borrowers. The moves are separate from the administration’s troubled attempt to cancel as much as $20,000 in student debt for any borrower who earns less than $125,000 a year. The Supreme Court struck down that executive action in June. Biden laid out his objective in remarks promoting the latest forgiveness on Wednesday: Bring student debt relief “to as many as we can, as fast as we can.” Wednesday’s announcement of $9 billion in student-debt cancellation for 125,000 borrowers, the latest in a string of sizable discharges, helps just a small slice of more than 40 million who hold debt.
