The Biden administration on Monday announced more federal student loan forgiveness, bringing the administration’s total student loan forgiveness to $183.6 billion for more than 5 million borrowers.
The Details: The Department of Education announced several types of discharges on Monday including the approval of nearly 85,000 borrowers for $1.26 billion in student loan relief based upon borrower defense findings that the institutions had misled and cheated borrowers.
The DOE also announced the approval of 6,100 borrowers for $465 million through Public Service Loan Forgiveness Second and $2.5 billion in relief for 61,000 borrowers with a total and permanent disability.
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