$6 Billion in Federal Student Loan Debt to be Canceled

The Biden administration today, June 23, agreed to cancel about $6 billion in federal student loan debt. Effected will be approximately 200,000 people.

This follows a class action lawsuit filed in 2019 saying borrowers were defrauded.

President Joe Biden's administration has agreed to cancel approximately $6 billion in federal student loan debt for about 200,000 borrowers, according to CNN. https://t.co/b6jy9Va9FJ

— CBS 13 News (@WGME) June 23, 2022