A college graduate calls their family on video to celebrate
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Earlier in August, the U.S. Education Department under President Joe Biden announced it would cancel another $1.1 billion in student loan debt for about 115,000 borrowers who attended ITT Technical Institute, a now-defunct school.
This latest round of forgiveness brings the administration’s total to about $9.5 billion erased for about 563,000 borrowers, according to the Education Department.
While a win for many, it isn’t a sign that broad-based student debt forgiveness will necessarily come anytime soon, experts say.
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Read the full article at: https://www.cnbc.com/2021/08/28/biden-has-canceled-9-point-5-billion-in-student-loan-debt-yet-forgiveness-for-all-isnt-necessarily-coming-.html
