President Joe Biden unveiled another round of student debt write-offs, announcing that 78,000 public sector workers would not have to repay $6 billion in loans.
. “I won’t back down from using every tool at my disposal to deliver student debt relief to more Americans, and build an economy from the middle out and bottom up.”
“For far too long, borrowers fell through the cracks of a broken system that failed to keep accurate track of their progress towards forgiveness,” Education Secretary The total cost has now reached $144 billion for nearly 4 million borrowers.with his name and signature to anyone whose debt is getting canceled, letting them know who’s responsible.
“I want President Biden to answer this question: How does transferring student loan debt improve the federal student loan system? The answer is it doesn’t,” House Education and the Workforce Committee Chairwoman Virginia Foxx said. “Tomorrow’s students will face even greater challenges as students today because this administration can’t be bothered to work on lowering tuition costs, improving degree completion rates, or holding institutions accountable.
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