Biden's administration cancels over $183 billion in student loans for over 5 million Americans.

President Biden's administration has canceled student loans for an additional 150,000 borrowers, totaling over $183 billion in debt relief for more than 5 million Americans. This includes $1.26 billion for 85,000 defrauded students, $2.5 billion for 61,000 borrowers with permanent disabilities, and $465 million for 6,100 public service workers. The relief primarily comes through existing programs like borrower defense and Public Service Loan Forgiveness, despite legal challenges.

3 months ago
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