Biden administration cancels nearly $5 billion in student debt for 74,000 borrowers

By Thomson Reuters Jan 19, 2024 | 4:34 AM

(Reuters) – The Biden administration has approved debt cancellation of nearly $5 billion for an additional 74,000 student loan borrowers, the White House said in a statement on Friday.

(Reporting by Anirudh Saligrama in Bengaluru; editing by Christina Fincher)