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Biden Cancels Another $7.7B in Student Debt; Debt Collective Protesters Arrested in D.C.

HeadlineMay 23, 2024

President Biden has canceled another $7.7 billion in student loans for 160,000 borrowers. The funds will benefit those enrolled in certain repayment plans such as public service loans and income-driven plans. This latest move brings the overall student debt relief issued by the Biden administration to $167 billion, after the Supreme Court struck down a more comprehensive plan last year that would have provided relief for some 40 million people.

In related news, a dozen members of the Debt Collective group were arrested Wednesday after 100 protesters marched from the Education Department to the Capitol demanding Biden “Fund Education, Not Genocide.”

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