Biden presses student debt relief as payments resume after pandemic pause – WDBJ

WASHINGTON (AP) President Joe Biden will announce another wave of federal student loan forgiveness on Wednesday, according to a White House official, as borrowers brace for payments to restart after a three-year pause that began during the COVID-19 pandemic.

His 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 hes been under pressure to follow through even though his …

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