Biden administration forgives $39 billion in student debt for more than 800,000 borrowerswww.cnbc.comexternal-linkcross-posted to: news@kbin.socialpolitics pips ( @Pips@lemmy.film ) United States | News & Politics@lemmy.mlEnglish • 1 year ago message-square21fedilinkarrow-up121
arrow-up121external-linkBiden administration forgives $39 billion in student debt for more than 800,000 borrowerswww.cnbc.com pips ( @Pips@lemmy.film ) United States | News & Politics@lemmy.mlEnglish • 1 year ago message-square21fedilinkcross-posted to: news@kbin.socialpolitics
minus-square Varcour ( @Varcour@lemm.ee ) linkfedilinkEnglish0•1 year agoForgiving student debt for 804k people costs 39 billion? So on average they owed 45,5 million in student debts? Like… what? How?
minus-square Primal ( @PRIMALmarauder@beehaw.org ) linkfedilinkEnglish2•1 year agoI think you accidentally mathed 39 trillion. That or divided 39 billion by 804 instead of 804k.
minus-square Jordan Lund ( @jordanlund@lemmy.one ) linkfedilinkEnglish2•1 year ago39 billion / 804,000 = $48,507.46 on average.
Forgiving student debt for 804k people costs 39 billion? So on average they owed 45,5 million in student debts? Like… what? How?
I think you accidentally mathed 39 trillion. That or divided 39 billion by 804 instead of 804k.
39 billion / 804,000 = $48,507.46 on average.