Joe biden forgive student debt 

Joe Biden forgives $39 billion in US student debt using program tweak

WASHINGTON (Reuters) -U.S. President Joe Biden's administration will cancel $39 billion in student debt for more than 804,000 borrowers,

the relief as the result of a "fix" to income-driven repayment (IDR) plans.

Borrowers will be eligible for forgiveness if they have made either 20 or 25 years of monthly IDR payment

These borrowers will join the millions of people that my administration has provided relief to over the past two year

resulting in over $116 billion in loan relief to over 3 million borrowers under my administration," Biden said in a statement.

The Education Department has launched a regulatory "rulemaking" process to pursue his $430 billion loan relief plan. That process is expected to take months.