Biden administration forgives $39 billion in student debt for more than 800,000 borrowers
Biden administration forgives $39 billion in student debt for more than 800,000 borrowers
www.cnbc.com Biden administration forgives $39 billion in student debt for more than 800,000 borrowers
The Biden administration announced it would automatically cancel education debt for 804,000 borrowers, for a total of $39 billion in relief.
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Forgiving student debt for 804k people costs 39 billion? So on average they owed 45,5 million in student debts? Like... what? How?
39 billion / 804,000 = $48,507.46 on average.
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