"They're Free To Chase Their Dreams": Biden Announces Student Debt Relief
NDTV
Under the new program, borrowers who have been repaying their student loans for 10 years and who borrowed $12,000 or less, will see their remaining debt cancelled.
US President Joe Biden, elected in 2020 largely thanks to young voters, on Wednesday announced he was extending his student loan forgiveness program by canceling the loans of an additional 150,000 Americans.
"While a college degree is still a ticket to a better life, that ticket is too expensive," Biden said in a statement. "And too many Americans are still saddled with unsustainable debt in exchange for a college degree."
During his presidency, Biden has erased a total of $138 billion in federal student loans taken out by 3.9 million Americans to pay for a university education, according to a tally by his administration.
