Four years ago, President Biden made a promise to fix a broken student loan system," Education Sec. Miguel Cardona said in a statement. "We rolled up our sleeves and, together, we fixed existing programs that had failed to deliver the relief they promised, took bold action on behalf of borrowers who had been cheated by their institutions, and brought financial breathing room to hardworking Americans-including public servants and borrowers with disabilities."
This latest announcement brings total student debt relief under Biden to $188.8 billion for 5.3 million borrowers. It follows a series of debt relief actions earlier this week, including $4.5 billion in relief on January 15 for defrauded borrowers and $4.2 billion in relief on January 13 for additional defrauded borrowers, along with government and nonprofit workers and those with total and permanent disabilities.
Collection
[
|
...
]