United States President Joe Biden announces the cancellation of $7.7bn in student debt for 160,000 borrowers, bringing the total beneficiaries from his debt relief push to 4.75 million.
The relief includes borrowers from categories like those enrolled in the SAVE repayment plan, earlier income-driven plans, and the Public Service Loan Forgiveness program, with an average of $35,000 of debt written off.
President Biden emphasizes his commitment to cancelling student debt and highlights that the total debt relief approved by his administration now stands at $167bn, addressing concerns of young voters.
Younger voters, critical on Biden's foreign policy and debt forgiveness progress, see this initiative as significant amidst challenges from former President Trump's camp criticizing debt cancellations.
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