President Joe Biden delivers remarks on student loan debt at Madison College on April 8 in Madison, Wisconsin. The Biden administration said Friday that it is using existing student loan forgiveness programs to cancel another round of student debt.
Mandatory Credit:	Evan Vucci/AP via CNN Newsource

President Joe Biden delivers remarks on student loan debt at Madison College on April 8 in Madison, Wisconsin. The Biden administration said Friday that it is using existing student loan forgiveness programs to cancel another round of student debt.
Mandatory Credit: Evan Vucci/AP via CNN Newsource

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Biden to forgive $7.4 billion more in student loan debt for 277,000 borrowers

The Biden administration said Friday that is using existing student loan forgiveness programs to cancel another round of student debt, totaling $7.4 billion for 277,000 borrowers.