According to NBC4i, While widespread student loan forgiveness hasn’t yet become a reality, some U.S. borrowers have already received some debt relief. Roughly 1.3 million borrowers have seen $25 billion in student debt forgiveness since President Biden took office.
On Wednesday, the Department of Education announced it will discharge the outstanding federal student loans of former Corinthian Colleges students after the school faced multiple investigations and was accused of defrauding students out of millions in federally backed loans. In total, $5.8 billion in loans will be canceled for 560,000 borrowers, making it the largest single-loan discharged by the Education Department.
This is the second group discharge of student loans by the Biden administration.
For the full NBC4 story click here
Get Breaking News & Exclusive Contest in Your Inbox:
The Latest:
- Cardi B Supports And Celebrates Kollin Carter At THR’s Power Stylists Dinner
- Where Are Jakiel And Jaliel Shakur? How Twin Boys Went Missing From Boston
- SWV And Xscape Serve The Girlies Royal Fashion Vibes In New ‘Queens Of R&B’ Tour Promo
- Black Maternal Health: Former NFL Cheerleader’s Death Spotlights Racial Equity In Sepsis Care
- ‘Shout Out To All My Real DEIs’: They Made DEI A Racial Slur, Now Black People Are Finding Humor In It
- Beyonce Whets Our Appetite With The ‘Cowboy Carter’ Tracklist
- Andrew Caldwell, Who Claimed He Was ‘Deliveredt’ From Homosexuality, Is Running For Office In St. Louis
- Mississippi Cop Kills Fleeing Black Teen By Running Over Him With Police Cruiser, Ben Crump Says
- Energy Healing 101: What Is A Sound Bath Reiki Meditation?
- Missouri AG Andrew Bailey Accused Of ‘Racial Bias’ After Blaming DEI For Viral Fight Involving Black Teen
Here’s who qualifies for the $25B in student loan forgiveness already approved was originally published on mycolumbusmagic.com