Biden cancels $7.4bn student debt for 277,000 borrowers

Friday, 12 April 2024 16:28

By Reuters

The Biden administration will cancel $7.4 billion in student debt for 277,000 borrowers, the White House said in a statement on Friday.

Earlier this month, President Joe Biden announced plans to ease student debt that would benefit at least 23 million Americans, addressing a key issue for young voters whose support he needs as he seeks re-election in November.

Biden, a Democrat, last year pledged to find other avenues for tackling debt relief after the Supreme Court in June blocked his broader plan to cancel $430 billion in student loan debt.

More from International

Thai teen kills 7 in rampage at home and school before shooting himself

A Thai teenager killed at least five people and himself at a school outside Bangkok on Friday after fatally shooting his grandparents, police said, in the Southeast Asian nation's worst mass killing since 2022.
US appeals court blocks Trump’s $400 million White House ballroom project

A US federal appeals court ordered President Donald Trump’s administration on Friday to stop construction on a $400 million ballroom on the site of the White House's demolished East Wing, dealing the Republican leader a major setback in a case testing his presidential authority.
Spain dismantles one of Mediterranean's largest human smuggling networks

Spanish police have dismantled what they described as one of the largest people-smuggling networks operating in the Mediterranean, believed to have brought more than 2,000 migrants into the country.
Syria says bomb on minibus near Damascus wounded 14, deaths reported mistakenly

A bomb planted in a minibus wounded 14 people on the outskirts of Syria's capital Damascus on Thursday night, with some of the injuries so severe that they were taken for fatalities, an official said on Friday.
Spain hopes to transfer migrant minors to mainland within weeks

Spain's government expects to transfer some migrant minors from overcrowded reception centres in the North African enclave of Ceuta to the mainland within weeks, alleviating the migration crisis after last week's deadly border rush.

Coming Up on Dubai Eye

Motor Mania
10:00am - Noon
The Best of Dubai Eye 103.8
Noon - 4:00pm

Hear the highlights from the week gone by on Dubai Eye 103.8. Listen again to the best interviews, advice and the top stories that has gripped our conversation this week.

BUSINESS BREAKFAST LATEST

UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the USA
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
New iPhone Launch - Too Soon For Apple?
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Working From Home or Hardly Working?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?

On Dubai Eye

Is There Sufficient House Supply In UAE
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Noon's First Female Delivery Driver
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!

Search Dubai Eye 103.8

Biden cancels $7.4bn student debt for 277,000 borrowers

More from International

Coming Up on Dubai Eye

BUSINESS BREAKFAST LATEST

On Dubai Eye

Our Shows

Quick Links

Listen on the Go

Search Dubai Eye 103.8

Biden cancels $7.4bn student debt for 277,000 borrowers

Share

More from International

Coming Up on Dubai Eye

BUSINESS BREAKFAST LATEST

On Dubai Eye

Our Shows

Quick Links

Listen on the Go