Joe Biden has waived the loans of one and a half million students

US President Joe Biden has announced loan waivers for 150,000 students. He expressed hope that the students of the country will be able to fulfill their dreams as a result of the loan waiver. A loan waiver of 12 million dollars was announced yesterday on Wednesday.

Many believe this could help Joe Biden win re-election next November, attracting progressive and younger voters. But Republicans are largely vocal against student loan forgiveness. They oppose such a move.

"The ticket to a better life is a college degree," Joe Biden said Wednesday at a campaign fundraiser in California. But this ticket is too expensive or too expensive.''

While in office, the Biden administration has forgiven 39 American students worth $138 billion in student loans. The President of the United States expressed hope that the loan waiver will enable American students to pursue their dreams.

Biden plans to pay off hundreds of billions of dollars in debt after taking office. However, the Supreme Court blocked this plan. As a result, Biden was forced to retreat somewhat. The Biden administration was forced to adopt several new plans for debt relief. He announced this plan on Wednesday. Students who have taken out $12,000 or less in student loans and have been paying off the loan for 10 years will have the remaining debt forgiven under the new plan.

Beneficiaries were notified of the plan in an email from the Biden administration on Wednesday. As a result, 1 lakh 53 thousand students will benefit. The loan waiver amounts to USD 1.2 billion.