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Biden Cancels $9 Billion in Debt as Student Loan Payments Resume
Posted
October 5, 2023
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October 5, 2023
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0:48Now PlayingPresident Joe Biden detailed $9 billion in new student-loan relief, saying it would provide a boost to the US economy as he sought to reassure Americans resuming payments that the administration is working to ease their debt burdens.
“This kind of relief is life-changing for individuals and their families. But it’s good for our economy as a whole as well,” Biden said Wednesday at the White House.
“By freeing millions of Americans from the crushing burden of student debt, it means they can go and get their lives in order,” Biden added. “They can think about buying a house, they can start a business or starting a family. This matters. This matters in their daily lives.”
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