News

51 readers

1 users here now

Breaking news and current events worldwide.

founded 2 years ago

Biden administration forgives $39 billion in student debt for more than 800,000 borrowers (www.cnbc.com)

submitted 2 years ago by Girlparts@kbin.social to c/news@kbin.social

19 comments fedilink hide all child comments

The Biden administration announced it would automatically cancel education debt for 804,000 borrowers, for a total of $39 billion in relief.

you are viewing a single comment's thread
view the rest of the comments

[–] SJ_Zero@lemmy.fbxl.net 5 points 2 years ago (7 children)

Announced. They can announce a lot of things they don't ultimately do because the executive isn't supposed to make laws and spend money they haven't been given by Congress.

[–] effingjoe@kbin.social 11 points 2 years ago

They announced that they did it, not that they will be doing it. https://www.ed.gov/news/press-releases/department-education-announces-actions-fix-longstanding-failures-student-loan-programs

load more comments (6 replies)