Biden administration to forgive student debt for additional 150,000, brings total to 5 million-plus

The Biden administration announced Monday that it would be forgiving the student loan debt of 150,000 more borrowers.

This will add up to millions in student debt forgiven by the administration since President Joe Biden took office, according to The Hill.

The borrowers having their loans forgiven included federal workers, those defrauded by universities and people who had permanent disabilities.

“Thanks to our tireless and unapologetic efforts to work toward a system that is affordable and accountable to both students and taxpayers, today’s announcement includes additional relief for borrowers misled and cheated by their institutions, borrowers with disabilities, as well as additional loan forgiveness for public servants,” Education Secretary Miguel Cardona said in a statement. 

In total, Biden has overseen the cancelation of over five million Americans. 

“Identifying 5 million people for student loan forgiveness means the federal government is finally keeping its promises,”  Under Secretary of Education James Kvaal said.