Please ensure Javascript is enabled for purposes of website accessibility

West Bank Town Becomes ‘Big Prison’ as Israel Fences It In

3 days ago

Trump Says He’s Willing to Let Migrant Farm Laborers Stay in US

3 days ago

US Electric Vehicle Tax Breaks Will Expire on Sept. 30

4 days ago

Eyeing Arctic Dominance, Trump Bill Earmarks $8.6 Billion for US Coast Guard Icebreakers

4 days ago

Trump’s Sweeping Tax-Cut and Spending Bill Wins Congressional Approval

4 days ago

Americans Celebrate Their Independence With Record-Breaking Travel Numbers

4 days ago

US Supreme Court to Decide Legality of Transgender School Sports Bans

4 days ago

Nvidia Set to Become the World’s Most Valuable Company in History

4 days ago

Poll: 41% in US ‘Extremely Proud’ to Be American, Near Historic Low

4 days ago
Biden to Erase $9 Billion More in Student Debt for 125,000 Borrowers
By admin
Published 2 years ago on
October 4, 2023

Share

Getting your Trinity Audio player ready...

WASHINGTON — President Joe Biden announced another wave of federal student loan forgiveness on Wednesday as borrowers brace for payments to restart after a three-year pause that began during the COVID-19 pandemic.

The Democratic president’s latest step will help 125,000 borrowers by erasing $9 billion in debt through existing relief programs. In total, 3.6 million borrowers will have had $127 billion in debt wiped out since Biden took office.

“President Biden has long believed that college should be a ticket to the middle class, not a burden that weighs on families,” the White House said in a statement.

Biden is scheduled to make a formal announcement at the White House at 1 p.m. ET.

Biden promised to help alleviate the burden of student debt while running for president, and he’s been under pressure to follow through even though his original plan was overturned by the conservative majority on the U.S. Supreme Court.

He’s been relying on a patchwork of different programs to chip away at debt, such as public service loan forgiveness and the SAVE Plan, which lowers payments by tying them to borrowers’ income.

“For years, millions of eligible borrowers were unable to access the student debt relief they qualified for, but that’s all changed thanks to President Biden and this administration’s relentless efforts to fix the broken student loan system,” Education Secretary Miguel Cardona said in a statement.

Republicans have fought Biden’s plans on student debt, but Wednesday’s announcement comes as they’re consumed by infighting on Capitol Hill. Hard-right Republicans forced a vote that ousted Rep. Kevin McCarthy as House speaker, leaving the chamber in chaos.

RELATED TOPICS:

DON'T MISS

What Are Fresno Real Estate Experts Predicting for 2025 and Beyond?

DON'T MISS

First California EV Mandates Hit Automakers This Year. Most Are Not Even Close

DON'T MISS

TikTok Building New Version of App Ahead of Expected US Sale, the Information Reports

DON'T MISS

Hamas Government Office Rejects US Accusation of Involvement in Gaza Aid Site Attack

DON'T MISS

Death Toll From Texas Floods Reaches 78, Trump Plans Visit

DON'T MISS

Trump Calls Musk’s Formation of New Party “Ridiculous” and Confusing

DON'T MISS

Fresno DUI Driver Slams Into CHP Motorcycle, Tow Truck on Highway 99

DON'T MISS

Russia Downs 120 Ukrainian Drones Overnight, Defense Ministry Says

DON'T MISS

Israel Sends Delegation to Qatar for Gaza Talks Ahead of Netanyahu Trip to US

DON'T MISS

San Luis Obispo’s Madre Fire Grows to Nearly 80,000 Acres, 30% Contained

DON'T MISS

Musk Announces Forming of ‘America Party’ in Further Break From Trump

DON'T MISS

Death Toll From Texas Floods Reaches 59, Including 21 Children

UP NEXT

Musk Announces Forming of ‘America Party’ in Further Break From Trump

UP NEXT

Trump to Sign Tax-Cut and Spending Bill in July 4 Ceremony

UP NEXT

Valadao, Costa Spar on What Passage of Trump’s Bill Means for Medicaid Recipients

UP NEXT

Over 100 Former Senior Officials Warn Against Planned Staff Cuts at US State Department

UP NEXT

Trump to Sign Bill on Friday at 5 p.m., White House Says

UP NEXT

Trump’s Sweeping Tax-Cut and Spending Bill Wins Congressional Approval

UP NEXT

Presidential Election Reveals Big Shift in California Voting Patterns. Will It Last?

UP NEXT

After Record Democratic Speech, House Republicans Begin Final Vote on Trump Tax-Cut Bill

UP NEXT

Jeffries Sets Record for Floor Speech Before Vote on Trump Tax Bill

UP NEXT

Trump Impounds Billions in Education Funding. For Fresno Unified, It’s $7.1 Million

Trump Administration Acknowledges Lack of Evidence From Epstein Documents

53 minutes ago

Dollar rises after Trump announces Japan, South Korea tariffs

1 hour ago

Merced Man Gets More Than 15 Years for Meth Trafficking, High-Speed Chase

1 hour ago

Man Dead After Firing at US Border Patrol Station in Texas

3 hours ago

Tulare County Flume Fire Burns 65 Acres in Sequoia National Forest, Evacuation Order Issued

3 hours ago

Fresno County Fish Fire Burns 15 Acres Near Avocado Lake, 50% Contained

3 hours ago

Wanted Fugitive Found Hiding in Attic Arrested in Chowchilla

4 hours ago

Trump Says US Will Impose 25% Tariffs on Japan, South Korea

4 hours ago

Wall Street Knocked Lower by Tariff Jitters, Musk’s Political Plan Hurts Tesla

4 hours ago

Trial Over Free Speech on Campus, and Trump’s Student Crackdown, Begins

4 hours ago

July 4 Weekend Was No Picnic for Fresno-Area Firefighters. How Bad Did It Get?

How busy were Fresno-area fire departments on July 4 weekend? Some local departments that GV Wire spoke with were still compiling numbers, b...

16 minutes ago

16 minutes ago

July 4 Weekend Was No Picnic for Fresno-Area Firefighters. How Bad Did It Get?

Tulare County fire investigators seized about 300 pounds of illegal fireworks and issued multiple citations during a Fourth of July enforcement operation with the sheriff’s office. (Tulare County SO)
16 minutes ago

Tulare County Seizes 300 Pounds of Illegal Fireworks Over Fourth of July

Model of natural gas pipeline and U.S. flag, July 18, 2022. (Reuters File)
41 minutes ago

US Proposes Rules That Could Boost Oil, Gas Output in US West

Attorney General Pam Bondi speaks during a news conference at the White House in Washington, June 27, 2025. For months, Bondi promised the release of documents on the disgraced financier Jeffrey Epstein that could reveal damaging details, drumming up anticipation over the files, long a source of speculation and conspiracy theories — but on Monday, July 7, a memo by the Justice Department undercut her own statements. (Pete Marovich/The New York Times)
53 minutes ago

Trump Administration Acknowledges Lack of Evidence From Epstein Documents

U.S. dollar banknotes are seen in this illustration taken May 4, 2025. (Reuters File)
1 hour ago

Dollar rises after Trump announces Japan, South Korea tariffs

A U.S. Justice Department logo or seal showing Justice Department headquarters, known as "Main Justice," is seen behind the podium in the Department's headquarters briefing room before a news conference with the Attorney General in Washington, January 24, 2023. (Reuters File)
1 hour ago

Merced Man Gets More Than 15 Years for Meth Trafficking, High-Speed Chase

Photo of caution tape
3 hours ago

Man Dead After Firing at US Border Patrol Station in Texas

The Flume Fire in Sequoia National Forest has burned 65 acres near Highway 190 with no containment as of Monday, July 7, 2025, prompting evacuations in Tulare County. (CalFire)
3 hours ago

Tulare County Flume Fire Burns 65 Acres in Sequoia National Forest, Evacuation Order Issued

Help continue the work that gets you the news that matters most.

Search

Send this to a friend