Newslist: Round-up: Biden Administration Forgives Another $9.2 Billion in Student Debt

The Biden Administration’s initiative to forgive student loan debt yesterday reached another 125,000 borrowers totaling $9.2 billion, according to an Education Department announcement.
 
Some $5.2 billion is related to fix the Public Service Loan Forgiveness program. Another $2.8 billion in relief is going to individuals who have been in repayment for 20 or more years but haven’t received relief through income-driven repayment plans. The final $1.2 billion will go to discharge loans for borrowers who have a total or permanent disability.
 
Select coverage of the development from the national media included:
 
Biden Discharges $9B in Student Loans for 125K Borrowers
Inside Higher Ed (October 5, 2023)
 
How the White House Keeps Canceling Student Debt After Supreme Court Ruling
The Wall Street Journal (October 5, 2023)
 
The US Is Forgiving More Federal Student Loans in a Bid to Tackle ‘Unsustainable Debt’ for Borrowers
Associated Press (October 5, 2023)
 
Biden Cancels an Additional $9 Billion in Student Loan Debt
The New York Times (October 5, 2023)
 
Biden Touts $9B More in Student Loan Forgiveness, Progress in Debt Relief
The Washington Post (October 5, 2023)