As student loan payments resume, Biden cancels $9 billion in debt

By Akayla Gardner and Jennifer Jacobs
Published 3 Min Read

Graduation ceremony
Bloomberg Mercury

President Joe Biden detailed $9 billion in new student-loan relief, saying it would provide a boost to the U.S. 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. 

Akayla Gardner and Jennifer Jacobs

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