US President Joe Biden on Friday announced cancellation of USD 5 billion in debt for more than 74,000 students, many of whom are Indian Americans.
Cancelling student debt was one of the key poll promises of Biden in the 2020 elections.
“Today, my administration approved debt cancellation for another 74,000 student loan borrowers across the country, bringing the total number of people who have gotten their debt cancelled under my administration to over 3.7 million Americans through various actions,” Biden said.
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