White House declares new wave of scholar mortgage debt cancellation

The Biden administration has introduced a brand new wave of scholar mortgage forgiveness that can cancel almost $5 billion in debt for about 74,000 debtors, many who’ve labored within the public sector for greater than a decade. Education Secretary Miguel Cardona joined CBS News to debate the cancellations, in addition to the state of psychological well being amongst college students and U.S. schooling rankings.

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