The Biden administration announced on Thursday that it will be automatically wiping out the federal student loan debt for 323,000 borrowers. READ MORE: https://www.forbes.com/sites/adamminsky/2021/08/19/biden-to-automatically-cancel-58-billion-in-student-loans-for-over-300000-borrowers/?sh=5bf8d1ac4487 Stay Connected Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com