Biden administration cancels $5.8 billion in student loans

Biden administration cancels $5.8 billion in student loans

The Biden administration will be canceling student debt for over half a million students.

Student borrowers who attended Corinthian Colleges will soon get their balances cleared.

Schools operated by Corinthian Colleges have been accused of predatory and unlawful practices.

Every student, driven into debt by Corinthian Colleges, can rest knowing the Biden-Harris govt will discharge their federal student loans.

Around 560,000 borrowers will benefit from the debt cancellation, which amounts to $5.8 billion.

Around 560,000 borrowers will benefit from the debt cancellation, which amounts to $5.8 billion.

This is by far the largest single loan forgiveness action taken by the American government to date.