© Reuters. FILE PHOTO: A sign calling for student loan debt relief is seen in front of the Supreme Court as the justices are scheduled to hear oral arguments in two cases involving President Joe Biden’s bid to reinstate his plan to cancel billions of dollars in stud
(Reuters) – U.S. President Joe Biden’s administration will automatically cancel $39 billion in student debt for more than 800,000 borrowers, CNBC reported on Friday.
“For far too long, borrowers fell through the cracks of a broken system that failed to keep accurate track of their progress towards forgiveness,” CNBC quoted U.S. Secretary of Education Miguel Cardona as saying.
