Joe Biden’s Cancelled Some More Student Loan Debt.

Credit where credit is due, but at the same time it’s so frustrating for a number of reasons.

Photo by Unseen Studio on Unsplash

Well, Joe Biden’s making some moves when it comes to student loans again. Just recently, it made headlines that the Biden administration was going to be cancelling more student loan debt.

Sofia Ferreira Santos with BBC writes:

US President Joe Biden has announced that he is cancelling $7.4bn (£5.9bn) in student debt for more than 277,000 people.

This comes days after he announced a proposal to help millions of Americans pay off student loans.

The “Plan B” aims to fulfil a campaign promise ahead of November’s election.

To date, the Biden-Harris Administration has cancelled $153bn (£122bn) in debt for 4.3 million people.

This latest round of debt relief will be split into three categories:

$3.6bn for nearly 206,800 borrowers enrolled in the government’s Saving on a Valuable Education (Save) repayment plan
$3.5bn for 65,800 borrowers through income-driven repayment plans
$300m for 4,600 borrowers through fixes to Public Service Loan Forgiveness

Those impacted by the cancellations will receive emails…