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