Biden Cancels Another $1.2 Billion In Student Debt As Vote Nears

The latest move - amounting to $1.2 billion in student debt - brings to 4.76 million the number of people "who benefitted from our various debt relief actions", he said in a statement.

US President Joe Biden said Thursday he was extending his student loan forgiveness program by canceling the loans of an additional 35,000 Americans as he seeks reelection.

The latest move - amounting to $1.2 billion in student debt - brings to 4.76 million the number of people "who benefitted from our various debt relief actions", he said in a statement.

The borrowers, who will get an average of $35,000 in debt cancellation, include teachers, nurses, police officials, and first responders.