The Biden administration has announced the forgiveness of student loans for over 150,000 borrowers, bringing the total number of individuals impacted by debt relief during President Biden's term to over 5 million. The new borrowers include those who were defrauded by their schools, individuals with disabilities, and public service workers. The administration has spent $183.6 billion on student loan forgiveness, with officials emphasizing the relief provided to borrowers ahead of potential changes under the incoming administration. Changes to programs like Borrower Defense and Public Service Loan Forgiveness have made it easier for borrowers to receive forgiveness, with over 1 million borrowers benefiting from the latter program.
Source: https://thehill.com/homenews/education/5082368-biden-student-loan-forgiveness-student-debt-relief/