The Biden administration is canceling STUENT LOANS for another 160,000 borrowers .
The Education Department announced TODAY, it will erase $7.7 billion in federal student loans.
The latest relief will go to borrowers in three categories .
It will go to 54,000 borrowers who are enrolled in Biden’s new income-driven repayment plan,SAVE, along with 39,000 enrolled in earlier income-driven plans, and about 67,000 who are eligible through the Public Service Loan Forgiveness program.
