Trying to buy votes?

Biden administration to cancel another $1.2B of student loans t.co/eK4eFSEIIQ pic.twitter.com/egZoF4k1tD

— New York Post (@nypost) February 21, 2024

President Joe Biden’s administration said on Wednesday it is canceling $1.2 billion worth of student loans for some 153,000 people who are eligible under a program used to make good on promises to increase loan forgiveness.

Biden last year pledged to find other avenues for tackling debt relief after the Supreme Court in June blocked a broader plan to forgive $430 billion in student loan debt.

The administration has now canceled some $138 billion in student debt for nearly 3.9 million people through executive actions, the White House said.

nypost.com/2024/02/21/us-news/biden-administration-to-cancel-another-1-2-billion-of-student-loans/?utm_campaign=nypost&utm_source=twitter&utm_medium=social