Biden forgives $7.7 billion student debt for over 160,000 borrowers
President Joe Biden has announced the cancellation of $7.7 billion in student debt for another 160,000 borrowers.
This brings the total loan forgiveness amount approved by the Biden administration to $167 billion for more than four million Americans.
Secretary of Education Miguel Cardona said the debt relief means one out of every 10 borrowers now has financial breathing room and a burden lifted.
Biden promised to ensure that higher education is a ticket to the middle class, not a barrier to opportunity.
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