Biden Cancels $9B in Student Loans for 125,000 After Supreme Court Ruling


President Joe Biden talks with reporters after delivering remarks on student loan debt forgiveness, in the Roosevelt Room of the White House, Wednesday, Oct. 4, 2023, in Washington. (AP Photo/Evan Vucci)
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President Joe Biden has approved the cancellation of $9 billion in student loan debt for 125,000 people who qualify under existing programs, the White House announced. The move comes as the administration searches for workarounds to tackle the student debt crisis after the U.S. Supreme Court struck down the president’s plan. 

The White House said in a statement, “President Biden has long believed that college should be a ticket to the middle class, not a burden that weighs on families.” 

On Oct. 1, tens of millions with federal student loan debt resumed making payments, ending a more than three-year pause that started with the Coronavirus pandemic in 2020.

Click play to listen to the AURN News report from Clay Cane. Follow @claycane & @aurnonline for more.

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