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

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Jan 19, 2024 | 6:40 AM

The Library of Columbia University is seen as students walk the campus in New York, U.S., December 16, 2017. REUTERS/Eduardo Munoz/ File Photo

(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)

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

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