US Presidential Election 2024: President Biden ‘cancelling $6.1 billion in debt for 317,000 borrowers’

President of the United States (US), Joe Biden, has announced, his “administration is cancelling $6.1 billion in debt for 317,000 borrowers who attended the Art Institutes”.

President of the United States (US), Joe Biden
President of the United States (US), Joe Biden. Photo: @POTUS

According to President Biden: “My Administration is cancelling $6.1 billion in debt for 317,000 borrowers who attended the Art Institutes, an institution that falsified data and cheated borrowers.


“This is the latest – but not the last – step to hold bad actors accountable and get relief to folks who need it.”

President of the United States (US), Joe Biden

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