President Joe Biden on Monday said his administration is approving student loan relief for more than 150,000 borrowers, including those who attended schools that defrauded their students, those with total and permanent disabilities, and public service workers.
“Since Day One of my Administration, I promised to ensure higher education is a ticket to the middle class, not a barrier to opportunity, and I’m proud to say we have forgiven more student loan debt than any other administration in history,” Biden said in a statement.
Since Biden took office, he has forgiven debt for more than 5 million federal student loan borrowers, totaling $183.6 billion in relief, CNBC reported.