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