Biden’s student loan relief tops $183 billion after latest round of forgiveness

Published January 13, 2025 12:50pm ET



President Joe Biden announced possibly his final round of student loan debt relief Monday, bringing the total student loan forgiveness extended over the past four years to more than $183 billion for five million federal student loan borrowers.

Biden announced Monday morning that the latest round of forgiveness will affect 150,000 borrowers, including 85,000 who “attended schools that cheated or defrauded their students,” 61,000 borrowers with permanent disabilities, and 6,100 public servants.

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