Biden admin. announces another round of student loan cancellation

The Byte administration has announced a new initiative to forgive $7.4 billion in student loan debt, impacting over 200,000 borrowers. This is part of a broader program aimed at making loan forgiveness more accessible to specific groups, such as public workers. The program also offers a repayment plan that provides a quicker route to loan forgiveness for many low-income borrowers. In total, the administration has authorized the cancellation of over $100 billion in student loan debt.

What type of repayment plan is included in the program?

• Longer pathway

• Shorter pathway

• No repayment plan

• Flexible repayment

What is the overall amount of student loan debt that has been authorized for cancellation by the Byte administration?

• $50 billion

• $75 billion

• $100 billion

• $125 billion