Biden Administration wipes out student loans for thousands: Whats next? NBC 6 South Florida [Video]

Last week, thousands of folks in our area found out their student loans had been wiped out as part of several measures the Biden administration has taken to ease the burden.

Nearly 13,000 Floridians recently learned their federal student loans had been canceled. President Biden touted the relief as he campaigns for reelection, stating, “And it’s good for the economy as a whole.” He added, “By freeing millions of Americans from the crushing debt of student loan programs, it means they can finally get on with their lives instead of their lives being put on hold.”

This group is the first to benefit from debt forgiveness under what’s known as the (SAVE) repayment plan, which allows those who borrowed less than $12,000 to have their debt forgiven after ten years of payments.

“Given that this is an election year, that will probably see more attention put on student loans by the …