President Joe Biden on Wednesday announced the approval of more than $6.1 billion in student loan debt relief for nearly 317,000 borrowers who were enrolled at any Art Institutes campus from January 2004 until October 2017.
The measure brings the total amount of student loan debt relief put in place by the Biden administration to nearly $160 billion for nearly 4.6 million borrowers. NTD speaks to Peter C. Earle, an economist, about potential impacts on the economy.