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Al Jazeera
Al Jazeera

RARE PHOTOS: Why is the biden administration forgiving student debt - The Real Truth

Joe Biden Betsy DeVos United States
US President Joe Biden pushes billions of dollars worth of debt relief for graduates [Seth Wenig/AP]

US President Joe Biden has announced a new round of federal student loan forgiveness to address the “unsustainable debt” that borrowers accumulate to complete their college education.

This move aims to help 125,000 borrowers by clearing $9bn in debt through existing programmes. Since Biden took office in 2021, a total of 3.6 million borrowers will have had $127bn in debt wiped out.

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