Biden cancelled student loans, students faced problems, know the reason

07 Dec, 2023

The Biden administration announced it has approved an additional $4.8 billion in loan cancellation for nearly 80,000 borrowers.

the department has approved $132 billion in federal student loan debt cancellation for 3.6 million borrowers

Education Secretary Miguel Cardona told reporters on Wednesday that higher education is affordable

The department has also canceled $11.7 billion for borrowers with  permanent disability

$22.5 billion for borrowers who were cheated by their schools 

Biden administration has increased students' concerns by canceling loans.

Due to which students are facing financial problems

student loan debt cancellation for roughly 80,000 borrowers

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