American president cancels 9 billion Dollars worth of Student loan for 125,000 borrowers
According to a tweet made by the US president, on 15 October 2023.
he stated that had fixed income-driven repayment program so borrowers who had been paying on their loans for 20 years get the debt relief they earned.
“Today, I announced that we have approved an additional $9 billion in relief for 125,000 borrowers under that program.”
Joe Biden has shown a lot of Concerns towards the students loan issue, raising valid concerns with regards to the ability of borrowers to buy a house and even start a family.