Biden Administration Cancels $7.4 Billion in Student Debt, Faces Legal Challenges

In a significant move aimed at easing the burden of student loans, the Biden administration announced on Friday that it would cancel another round of student debt totaling $7.4 billion. This decision impacts approximately 277,000 borrowers and is part of the administration's ongoing efforts to address student loan challenges.

Under President Joe Biden's leadership, the Department of Education has been proactive in utilizing existing student loan forgiveness programs. This includes making it easier for specific groups of borrowers, such as public sector workers, to qualify for. . .