The additional relief, set to help about 125,000 Americans, brings the Biden administration’s total approved debt cancellation to $127 billion for nearly 3.6 million Americans, Biden said in remarks at the White House.
“This kind of relief is life-changing for individuals and their families, but it’s good for our economy as a whole as well. By free millions of Americans from the crushing burden of student debt, it means they can go and get their lives in order,” Biden said.rejection in June of Biden’s pandemic-era debt relief planThe US is forgiving more federal student loans in a bid to tackle ‘unsustainable debt’ for borrowersNearly 1.
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