Biden cancels $7.7bn

Biden cancels $7.7bn more student debt for 160,000 debtors

President Joe Biden of the United States has declared that his administration will cancel $7.7 billion in student debt for an additional 160,000 borrowers.  According to the US Department of Education, Wednesday's most recent action has increased the number of individuals who will benefit from the president's debt relief initiative to 4.75 million.