The US cancels the student debt of 804,000 people for US$ 39,000 million

He U.S. government announced this Friday that it will forgive the student debt of 804,000 people for a value of 39,000 million dollars (about 34,700 million euros).

According to US media reports, the measure will be applied to beneficiaries of repayment plans based on income, people who have been paying their debt for between twenty and twenty-five years and who will now see it cancelled.

MORE INFORMATION | Indo-Pacific countries advocate preventive diplomacy in the face of growing tensions and rivalries

President, Joe BidenHe pointed out that the measure is part of his commitment to education, despite opposition from the Conservative Party.

“Republican lawmakers have done everything they can to stop me from giving aid to American workers”he stressed in a statement.

The Secretary of Education, michael cardonaexplained for his part that the action is aimed at debtors who for a long time have been affected by the “cracks of a broken system that has failed them”.

Thus, he pointed out that this debt cancellation will benefit many people who were affected by administrative errors or were “deceived” for their universities. It will also target those with permanent disabilities, such as many war veterans.

Since Biden came to the White House His government has forgiven 116.6 billion dollars of student debt to 3.4 million Americans, according to data from the Education deparment quoted by CNN.

The news comes weeks after the supreme court knock down the forgiveness plan of up to $20,000 for student debt loans that Biden had approved and with which he sought to expand this relief.

When that decision was made, the Democratic president warned that he would look for new ways to approve the cancellation of student debt. “We will use all the tools at our disposal” to continue with these measures, he said then.

CHECK HERE | “The United States and its allies will defend themselves against any North Korean aggression,” Blinken said.

Source: Elcomercio

jack

I am Jack Morton and I work in 24 News Recorder. I mostly cover world news and I have also authored 24 news recorder. I find this work highly interesting and it allows me to keep up with current events happening around the world.