Biden forgives $4 billion to students

by times news cr

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The American president, Joe Bidenannounced yesterday a new condonation of student loans for public officials for some 4.5 billion dollarswhen there are just over two weeks left until the elections.

The measure benefits about 60 thousand people throughout the country, according to the White House, which highlighted the efforts of Biden and the vice president, Kamala Harristo extend the forgiveness of these debts since they assumed power.

Harris is the Democratic Party candidate for the November 5 elections, in which she will face the former Republican president Donald Trump.

The announcement comes as American households grapple with the rising cost of living since the pandemic. covid-19, and the economy is one of voters’ biggest concerns, according to polls.

Biden said in a statement that more than a million people have been able to cancel their debts under the debt forgiveness program public service loans.

The program allows for the forgiveness of student debt after 10 years of public service.

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