this post was submitted on 14 Jul 2023
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Biden administration forgives $39 billion in student debt for more than 800,000 borrowers (www.cnbc.com)
submitted 1 year ago by Girlparts@kbin.social to c/news@kbin.social
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The Biden administration announced it would automatically cancel education debt for 804,000 borrowers, for a total of $39 billion in relief.

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[–] effingjoe@kbin.social 11 points 1 year ago

They announced that they did it, not that they will be doing it. https://www.ed.gov/news/press-releases/department-education-announces-actions-fix-longstanding-failures-student-loan-programs