The White House reported on Friday (January 19, 2024) that it had forgiven around US$5 billion in student debt. According to the United States government, 74,000 people benefited. Here's the complete of the press release in English (PDF – 53 kB)
Of the total number of beneficiaries, 44,000 had their debt forgiven after 10 years of public service and another 30,000 had been in the payment process for more than 20 years.
With the measure, more than 3.7 million Americans had student debts forgiven during the administration of US President Joe Biden.
“From Day 1 of my administration, I have promised to improve the student loan system so that higher education provides Americans with opportunity and prosperity – not unmanageable burdens of student loan debt.”says Joe Biden's statement.
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