Biden Touts $1.2 Billion Student Loan Cancellation During Southern California Visit

To qualify, borrowers must have been making payments for a minimum of 10 years and borrowed $12,000 or less.
Biden Touts $1.2 Billion Student Loan Cancellation During Southern California Visit
President Joe Biden speaks in Culver City, Calif., on Feb. 21, 2024. John Fredricks/The Epoch Times
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President Joe Biden concluded a two-day Southern California fundraising visit Feb. 21 with a speech in Culver City, the same day he announced the cancellation of federal student loans for about 153,000 borrowers.

“While a college degree is still a ticket to a better life, that ticket is too expensive,” Mr. Biden said during the speech at a local library. “Too many Americans are still saddled with unsustainable debt in exchange for a college degree.”

Sophie Li
Sophie Li
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Sophie Li is a Southern California-based reporter covering local daily news, state policies, and breaking news for The Epoch Times. Besides writing, she is also passionate about reading, photography, and tennis.
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