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Biden cancels US$1.2b more in student debt as vote nears
This photo taken on July 16, 2024 shows US President Joe Biden clearing his throat as he speaks on economics during the Vote To Live Properity Summit at the College of Southern Nevada in Las Vegas, Nevada. (Photo: AFP)
International News, Latest News
July 18, 2024

Biden cancels US$1.2b more in student debt as vote nears

WASHINGTON, United States (AFP) — United States (US) President Joe Biden said Thursday he was extending his student loan forgiveness program by cancelling the loans of an additional 35,000 Americans as he seeks re-election.

The latest move — amounting to US$1.2 billion in student debt — brings to 4.76 million the number of people “who benefitted from our various debt relief actions”, he said in a statement.

The borrowers, who will get an average of US$35,000 in debt cancellation, include teachers, nurses, police officials and first responders.

The announcement came on the final day of the Republican National Convention in Milwaukee, where Donald Trump will accept the Republican nomination for the November election.

Biden vowed Thursday to “never stop working to make higher education affordable — no matter how many times Republican elected officials try to stop us”.

Earlier this year Biden unveiled fresh plans to reduce student loan debt for tens of millions of Americans, in his bid to win over young voters.

That was after the conservative-dominated US Supreme Court last year struck down the Democrat’s earlier proposals to cancel several hundred billion dollars of debt.

Last month he cancelled debt owed by 160,000 people, while earlier in the year he announced a student debt relief for 150,000 others.

Tags:

Joe Biden student debt student loan US elections US presidency
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