160,500 more student-loan borrowers are getting $7.7 billion in 'much needed' debt cancellation

AP Photo/Phelan M. Ebenhack

• Biden announced another $7.7 billion in student-debt cancellation for 160,500 borrowers.
• It's a result of fixes to PSLF and income-driven repayment plans, including the SAVE plan.
• This means that one out of every 10 federal borrowers have now gotten debt relief.

Another batch of student-loan borrowers has been approved for debt relief.

On Wednesday, President Joe Biden's Education Department announced...