US President Joe Biden's administration will automatically cancel $39bn (R702.88bn) in student debt for more than 800,000 borrowers, CNBC reported on Friday.
“For far too long, borrowers fell through the cracks of a broken system that failed to keep accurate track of their progress towards forgiveness,” CNBC quoted US secretary of education Miguel Cardona as saying.
Biden administration forgives $39bn in student debt — CNBC
Image: Reuters
US President Joe Biden's administration will automatically cancel $39bn (R702.88bn) in student debt for more than 800,000 borrowers, CNBC reported on Friday.
“For far too long, borrowers fell through the cracks of a broken system that failed to keep accurate track of their progress towards forgiveness,” CNBC quoted US secretary of education Miguel Cardona as saying.
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