student loan relief – One America News Network

WASHINGTON, DC - AUGUST 24: U.S. President Joe Biden, joined by Education Secretary Miguel Cardona, speaks on student loan debt in the Roosevelt Room of the White House August 24, 2022 in Washington, DC. President Biden announced steps to forgive $10,000 in student loan debt for borrowers who make less than $125,000 per year and cap payments at 5 percent of monthly income. (Photo by Alex Wong/Getty Images)

Biden to cancel $39 billion in student debt

The Biden administration announced that it will be cancelling a total of $39 billion in student debt, affecting around 804,000 borrowers.

On Tuesday, the U.S. Supreme Court heard arguments regarding the legality of President Joe Biden’s attempt at cancelling student loan debts due the COVID-19 Pandemic.

Rep. Mike Collins: Biden’s Student Loan Forgiveness Plan Is An Affront To The Dignity Of Everyday Americans

By Representative Mike Collins
June 23, 2023

(Views expressed by guest commentators may not reflect the views of OAN or its affiliates.)

WASHINGTON, DC - JULY 27: Activists attend a rally outside of the White House to call on U.S. President Joe Biden to cancel student debt on July 27, 2022 in Washington, DC. Student loan borrowers are awaiting a decision from President Biden on student loan payments. (Photo by Anna Moneymaker/Getty Images)

Student loan payments resume with debt limit agreement

The Biden administration will reportedly start collecting federal student loan payments and added interest for millions of Americans again by the end of the summer, as a result of the agreement reached by the president and House Speaker Kevin McCarthy to raise the country’s debt ceiling.