Biden Cancels Over $7 Billion in Student Debt , for More Than 277,000 Borrowers.<br />On April 12, President Joe Biden said that over 277,000 borrowers in more than <br />40 states will have $7.4 billion in student <br />loan debt wiped out, 'The Hill' reports. .<br />To date, the Biden administration has canceled $153 billion in student loan debt. .<br />From day one of my administration, <br />I promised to fight to ensure higher <br />education is a ticket to the middle class, <br />not a barrier to opportunity. , President Joe Biden, via statement.<br />I will never stop working to cancel <br />student debt – no matter how <br />many times Republican elected <br />officials try to stop us, President Joe Biden, via statement.<br />'The Hill' reports that Biden's loan forgiveness has largely been aimed at helping <br />"public service workers, those on IDR plans," .<br />people who've been defrauded by educational institutions and those with disabilities. .<br />Republican Rep. Virginia Foxx, chair of the House Education Committee, issued a statement in response to Biden's actions. .<br />The administration is tone deaf. <br />There’s no other way to put it, Rep. Virginia Foxx, chair of the House Education Committee, via statement.<br />We know that instead of doing its <br />job the administration focused <br />time, energy, and resources on <br />its illegal student loan scheme. , Rep. Virginia Foxx, chair of the House Education Committee, via statement.<br />And that has been frustrating, especially <br />since it has jeopardized the academic <br />journey of millions of students, Rep. Virginia Foxx, chair of the House Education Committee, via statement.<br />But what is absolutely maddening is <br />that the administration is STILL not <br />doing its job and instead focusing on <br />its student loan shenanigans. , Rep. Virginia Foxx, chair of the House Education Committee, via statement.<br />White House press secretary Karine Jean-Pierre said, , “We know what Republicans are going to do; we can’t <br />stop them from that. But it’s also not going to stop the president from acting and taking action, like he is today.”
