President Biden has canceled student loans for another 150,000 borrowers, bringing the total to over 5 million since taking office. The cancellations include borrowers who attended schools that defrauded students, borrowers with total and permanent disabilities, and public service workers. This round of relief primarily comes through the borrower defense program, which allows students to cancel loans if they were misrepresented by their colleges. Biden's administration has also eased some rules to make it easier for borrowers to qualify for relief.
The Department of Education on Monday canceled loans for another 150,000 borrowers. President Joe Biden has now overseen the cancellation of student loans for more than 5 million borrowers, which is more than any other president in U.S. history. The Biden administration tells the Associated Press that it has waived $183.6 billion in student loans.
Before Biden took office, the student loan programs were criticized by some who said complex rules made it difficult for borrowers to get relief. According to the Associated Press, Biden administration eased some of the rules using its regulatory power, a maneuver that expanded eligibility without going through Congress.
STUDENTLOANFORGIVENESS BIDENADMINISTRATION BORROWERDEFENSE PUBLICSERVICELOANFORGIVENESS DISABILITY
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