Biden administration forgives $4.8 billion in student debt

Graduates gather during the Columbia University commencement ceremony in Manhattan, New York City

WASHINGTON (Reuters) – U.S. President Joe Biden said on Wednesday his administration had approved $4.8 billion in student debt cancellation for 80,300 people.

“This brings the total debt cancellation my administration has approved to $132 billion for over 3.6 million Americans through various actions,” Biden said in a statement.

(Reporting by Katharine Jackson; writing by Jasper Ward; Editing by Doina Chiacu)

Reuters

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