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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[โ€“] Varcour@lemm.ee 0 points 2 years ago (1 children)

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

[โ€“] jordanlund@lemmy.one 1 points 2 years ago

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