Education

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Biden administration cancels $7.7 billion in student debt for 160,500 Americans

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The White House has approved $7.7 billion of student debt cancellation for 160,500 borrowers, part of its ongoing effort to provide relief after the Supreme Court last year blocked President Joe Biden’s plan for broad-based college loan forgiveness. With the latest round of forgiveness, the administration has erased a total of $167 billion in student loans for 4.75 million people, or about 1 in 10 student loan borrowers.

Laughing Baby

Japan expands free day care centers to all children

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The Japanese government announced that it will now offer free daycare to all children aged 6 months to 2 years old, regardless of parents’ employment status. The “Childcare Access for All” program, set to begin in April 2024 with a trial run in 150 municipalities, will see nationwide implementation by 2026. All children within the age range will be eligible, with initial access capped at 10 hours per month, though an increase is planned for 2026.

American money

Biden administration to forgive $1.2 billion in student debt for over 150,000 borrowers

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The Biden administration will forgive another $1.2 billion in student debt for nearly 153,000 borrowers enrolled its new repayment program, called the Saving on a Valuable Education, or SAVE, plan. The relief will go to borrowers who have been in repayment for a decade or longer, and originally took out $12,000 or less. Biden has now canceled debt for almost 3.9 million borrowers, totaling $138 billion in relief.

The White House

Biden administration to forgive $4.9 billion in student debt for 73,600 borrowers

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The Biden administration has now canceled more than $136 billion in student debt for over 3.7 million Americans, according to the White House. Around $1.7 billion of this new aid will go to 29,700 borrowers enrolled in income-driven repayment plans. In addition, 43,900 borrowers who have worked in public service for a decade or more will receive $3.2 billion in loan cancellation.

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