US writes off 804,000 student debt worth $39 billion
- July 14, 2023
- 0
Government USA announced this Friday that he would pardon student debt out of 804 thousand people in the amount of 39 billion dollars. According to US media reports,
Government USA announced this Friday that he would pardon student debt out of 804 thousand people in the amount of 39 billion dollars.
According to US media reports, the measure will apply to beneficiaries repayment plans based on income, people who carry 20 and 25 years old having paid their debt, and that now they will see that it is canceled, according to CNN.
He Minister of Education Miguel Cardona, In a statement, he said the measure is aimed at debtors who have long suffered from “the cracks of the broken system that let them down.”
Thus, he pointed out that many people who suffered from administrative errors or were “cheated” by them would benefit from this debt cancellation. universities. It will also be addressed to those who have disability permanent, like many war veterans.
WITH Joe Biden came to White House his government has written off $116,600 million in student debt for 3.4 million Americans, according to Department of Education data cited CNN.
The news comes a few weeks after Supreme Court repeal a plan to write off student loans up to $20,000 that Biden had endorsed and with which he sought to expand that relief.
When the decision was made, Biden had already warned that he would look for new ways to approve student debt write-offs.
“We will use all the tools at our disposal” to continue these measures, the US President said at the time.
(EFE)
Source: Aristegui Noticias
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