US President Joe Biden speaks about student loan debt relief at Madison Area Technical College in Madison, Wisconsin, April 8, 2024.
Andrew Caballero Reynolds | AFP | Getty Images
In his final days in office… President Joe Biden He announced that his administration would forgive Student debt For more than 150 thousand borrowers.
Biden said in a statement that this relief includes approximately 85,000 people who attended schools that “deceived and defrauded their students,” 61,000 borrowers with complete and permanent disability, and 6,100 other public service workers.
“From day one of my administration, I promised to ensure that higher education would be a ticket to the middle class, not a barrier to opportunity, and I'm proud to say we've forgiven more student loan debt than any other administration in history.” Biden said.
Since Biden took office, he has forgiven debt for more than 5 million federal student loan borrowers, totaling $183.6 billion in relief.
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