The Biden administration announced the cancellation of student loans for over 150,000 borrowers, bringing the total loans forgiven to over five million under President Biden.
These cancellations mostly benefited public service workers, defrauded students, and those with disabilities, and cumulatively represent more than $183 billion in outstanding student loans forgiven.
President Biden emphasized his commitment to making higher education accessible, expressing pride in forgiving more student loan debt than any previous administration, despite challenges faced.
Biden's ambitious plans for broader student debt reform faced significant legal hurdles, limiting potential forgiveness that could have helped over 40 million borrowers.
#student-loan-forgiveness #biden-administration #public-service-workers #higher-education-reform #debt-relief
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