Biden administration wipes out $39bn in student loan debt

2023-07-15 09:15

Republicans called the debt write-off for 800,000 borrowers "a slap in the face to hard-working taxpayers".

The Biden administration has wiped out $39bn (£29.7bn) in student loans for 804,000 borrowers with debts outstanding for more than 20 years.

The relief is a result of "fixes" the government says it made to the plans.

Qualifying borrowers will be notified if their loans will be discharged...