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Rise in cost made financial situation worse and grady trim seatbelt live at the white house with the very latest on this. Hey, grady. Reporter hey, david. This latest round of cancel Student Loan Debt for around 160,000 borrowers through various programs and in making the announcement, the under secretary of education said we congratulation those borrowers on their due forgiveness and well continue to work to deliver relief to others. Why are they due forgiveness . Everybody has a different story as to why they need student loans. Everybody has a different reasoning as to why they want to go to college. I cannot speak for everyone. Forgiveness due to them . What we have been very clear about is the system the student loan system needs to be fixed. The president is trying to do that and fix it in a way where people are not feeling that crushing financial burden that they have to they deal with what they leave college. That is something that they shouldnt have to. Reporter biden approved

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