Biden administration cancels student loans of more than 150,000 borrowers under new plan

LopensLeftArm@sh.itjust.works to News@lemmy.world – 382 points –
Biden administration cancels student loans of more than 150,000 borrowers under new plan
nbcnews.com
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For borrowers with debt <= $12,000, who have been making payments for at least 10 yrs and are enrolled in SAVE plan, if you're curious if you're affected.

Might also be worth noting that the $1B in debt relief comes out of a federal student debt pool of $1.6T

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