FILE - President Joe Biden speaks about student loan debt relief at Delaware State University, Oct. 21, 2022, in Dover, Del. – President Joe Biden will announce another wave of federal student loan forgiveness on Wednesday, according to a White House official, as borrowers brace forHis latest step will help 125,000 borrowers by erasing $9 billion in debt through existing relief programs. In total, 3.6 million borrowers will have had $127 billion in debt wiped out since Biden took office.
The official requested anonymity ahead of the announcement, which Biden is scheduled to make at the White House at 1 p.m. ET. Biden promised to help alleviate the burden of student debt while running for president, and he's been under pressure to follow through even thoughHe's been relying on a patchwork of different programs to chip away at debt, such as public service loan forgiveness and“For years, millions of eligible borrowers were unable to access the student debt relief they qualified for, but that’s all changed thanks to President Biden and this administration’s relentless efforts to fix the broken...
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