Biden’s Department of Education to cancel $39B in student loans

The Biden administration argued financial constraints caused by the COVID-19 pandemic constituted such an emergency, despite having ended the nation’s emergency declaration on May 11

-- New York Post, --July 14, 2023

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President Biden’s Department of Education announced Friday it would cancel $39 billion in federal student loans for more than 800,000 borrowers within the next month.

In a statement, Education Secretary Miguel Cardona called the move a “historic step,” but Republicans were livid. ---More...

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