this post was submitted on 14 Jul 2023
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United States | News & Politics

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Biden administration forgives $39 billion in student debt for more than 800,000 borrowers (www.cnbc.com)
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[–] Varcour@lemm.ee -4 points 1 year ago (2 children)

Forgiving student debt for 804k people costs 39 billion? So on average they owed 45,5 million in student debts? Like... what? How?

[–] jordanlund@lemmy.one 9 points 1 year ago

39 billion / 804,000 = $48,507.46 on average.

[–] htrayl@lemmy.world 4 points 1 year ago

How old and British are you?