Biden administration cancels another $7.7B in student loans
May 22, 2024
https://www.axios.com/2024/05/22/student-loan-forgiveness-biden-administration
The White House announced on Wednesday that the Biden administration is canceling student loans for another 160,000 borrowers.
It announced a larger plan last month to provide relief for more than 30 million borrowers by, in part, canceling up to $20,000 of a borrower's accrued interest, regardless of income.
Yes, but: That plan, too, could face legal challenges. Its critics have argued that student debt relief in general is unfair to taxpayers who repaid their loans or didn't go to college.
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