Biden administration announces $39 billion in student debt relief following administrative fixes
Biden administration announces $39 billion in student debt relief following administrative fixes
The Biden administration announced Friday that 804,000 borrowers will have their student debt wiped away, totaling $39 billion worth of debt, in the coming weeks due to fixes that more accurately count qualified monthly payments under existing income-driven repayment plans.
The wording in this article is incredibly vague as to who is going to benefit from this and by how much. It feels like the last sentence is the only mention of how it will actually work.
The Biden administration announced Friday that 804,000 borrowers will have their student debt wiped away, totaling $39 billion worth of debt, in the coming weeks due to fixes that more accurately count qualified monthly payments under existing income-driven repayment plans.
First paragraph and it seems pretty clear to me.
This is fixing a problem that we’ve known about for year where people who qualify to have their student debt eliminated but haven’t received it because payments weren’t properly counted.
My first thought as well. The text is so incredibly vague - only one paragraph is even about the content described in the title.
800000, probably not mid-20s