From the Editor's Desk

Biden Cancels $7.7 Billion in Additional Student Debt, Affecting 160,000 Borrowers

U.S. President Joe Biden on Wednesday announced the cancellation of another $7.7 billion in student debt for 160,000 borrowers, bringing the total number of people to benefit from his debt relief push to 4.75 million, despite Republican opposition.

Biden, keen to shore up waning support among young people ahead of the November presidential election, had pledged last year to find other avenues for tackling debt relief after the Supreme Court in June blocked his broader plan to cancel $430 billion in student loan debt.


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