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pips@lemmy.film to United States | News & Politics@lemmy.mlEnglish · 2 years ago

Biden administration forgives $39 billion in student debt for more than 800,000 borrowers

www.cnbc.com

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Biden administration forgives $39 billion in student debt for more than 800,000 borrowers

www.cnbc.com

pips@lemmy.film to United States | News & Politics@lemmy.mlEnglish · 2 years ago
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The Biden administration announced it would automatically cancel the education debt for 804,000 borrowers, for a total of $39 billion in relief.
  • Varcour@lemm.ee
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    2 years ago

    Forgiving student debt for 804k people costs 39 billion? So on average they owed 45,5 million in student debts? Like… what? How?

    • Jordan Lund@lemmy.one
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      2 years ago

      39 billion / 804,000 = $48,507.46 on average.

    • htrayl@lemmy.world
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      2 years ago

      How old and British are you?

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