As student loan payments resume, another 125,000 borrowers will have their debt canceled through existing relief programs.
The Democratic president's latest step will help 125,000 borrowers by erasing $9 billion in debt through existing relief programs. In total, 3.6 million borrowers will have had $127 billion in debt wiped out since Biden took office.
“President Biden has long believed that college should be a ticket to the middle class, not a burden that weighs on families,” the White House said in a statement.
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