Biden admin to wipeout billions in student loans

Name: Biden admin to wipeout billions in student loans
Uploaded: 2025-10-13T00:46:50Z
Description: Thousands of loan holders got the news they've been waiting for on Friday. The Biden administration said it'll wipe out their student loans totaling more than $39 billion. That's about almost $50,000 per borrower. Critics are livid. They call the move a backdoor around a Supreme Court ruling last month.

Thousands of loan holders got the news they've been waiting for on Friday. The Biden administration said it'll wipe out their student loans totaling more than $39 billion. That's about almost $50,000 per borrower. Critics are livid. They call the move a backdoor around a Supreme Court ruling last month.

Posted October 12, 2025 8:46pm EDT