Student Loan Borrowers Aided by Biden Debt Relief Tops 5 Million
- President announces new round of loan discharges in final week
- Trump during campaign criticized Biden’s debt-relief efforts
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President Joe Biden moved to discharge federal student loans for more than 150,000 people on Monday, in a final push that will bring the total number of borrowers who received loan forgiveness under his administration to over 5 million people.
The Education Department is canceling debt for individuals who were cheated or defrauded by their institutions, people with severe disabilities, or public servants, according to a press release.