Vice President Biden forgives 74,000 student debts for $5 billion after the Supreme Court ruled against him.
Biden would cancel $74,000, or $5 billion, in student debt. (Photo: Miami Herald)
Biden would cancel $74,000, or $5 billion, in student debt.
According to Reuters, V.P. Joe Biden released 74,000 additional students from $5 billion in student debt on Friday. Over half worked as teachers, nurses, or firemen for at least 10 years to pay off their debt the quickest.
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More than 136.6 billion in student debt will be eliminated under Biden-Harris.
These remarks led President Biden and Vice President Harris to cancel over $136.6 billion in student debt. Vice President Biden said he will continue to help people attain their objectives after the Supreme Court rejected a greater debt-reduction plan in June. Miguel Cardona, the Education Secretary, created SAVE to help individuals pay off debt faster. The total student debt of 43,4 million people was $1.63 trillion in June 2023. Voters concerned about student debt are receiving government responses. This demonstrates that Vice President Biden wants to solve a huge problem, even though he has other political difficulties and others want him to change course.
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