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Excerpt from www.cenlanow.com
FILE – Education Secretary Miguel Cardona testifies during a Senate Appropriations Subcommittee on Labor, Health and Human Services, and Education, and Related Agencies hearing on Capitol Hill in Washington, April 30, 2024. The Biden administration is cancelling student loans for another 160,000 borrowers through a combination of existing programs. (AP Photo/Susan Walsh)
WASHINGTON (AP) — The Biden administration is canceling student loans for another 160,000 borrowers through a combination of existing programs.
The Education Department announced the latest round of cancellation on Wednesday, saying it will erase $7.7 billion in federal student loans. With the latest action, the administration said it has canceled $167 billion in student debt for nearly 5 million Americans through several programs.
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