Biden cancels student debt for 150K borrowers ...Middle East

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Biden cancels student debt for 150K borrowers
The Biden administration announced Wednesday it is forgiving a total of $1.2 billion in student debt for roughly 153,000 borrowers. The relief comes through the Saving on a Valuable Education (SAVE) repayment plan, which made changes to income driven repayment plans in the wake of a Supreme Court decision overturning President Biden’s more ambitious student loan debt cancellation plan. The first batch of loan forgiveness through the SAVE plan was planned for July, but the Education Department identified eligible borrowers sooner. “This plan reflects our unapologetic commitment to deliver as much relief as possible to as many borrowers as possible, as quickly as possible,” Educati

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