Joe Biden forgives $39 billion in student loan debt

2023-07-14 23:58

The relief will help some 800,000 borrowers enrolled in income-driven repayment plans, officials say.

The Biden administration has announced it has forgiven $39bn (£29.7bn) in student loan debt for 804,000 borrowers who have income-driven repayment plans.

The relief is a result of "fixes" the government says it made to the plans.

Qualifying borrowers enrolled in the plan will be notified...