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Biden administration forgives $4.8 billion in student debt

December 6, 2023 2:54 PM EST

U.S. President Joe Biden delivers remarks about the student loan forgiveness program from an auditorium on the White House campus in Washington, U.S., October 17, 2022. REUTERS/Leah Millis/File Photo

WASHINGTON (Reuters) - U.S. President Joe Biden said on Wednesday his administration had approved $4.8 billion in student debt cancellation for 80,300 people.

"This brings the total debt cancellation my administration has approved to $132 billion for over 3.6 million Americans through various actions," Biden said in a statement.

(Reporting by Katharine Jackson; writing by Jasper Ward; Editing by Doina Chiacu)



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