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 he’s been under pressure to follow through even though hi…
Read the full article at: https://news.yahoo.com/biden-presses-student-debt-relief-090127853.html