- Biden announced an additional $4.5 billion in student-debt cancellation for 261,000 borrowers.
- The relief impacts borrowers who attended Ashford University, which a court found engaged in fraudulent behavior.
- This is among Biden’s last debt relief efforts before he leaves the White House.
More student-loan borrowers are getting debt relief during President Joe Biden’s last week in the White House.
On Wednesday, Biden’s Education Department announced that it approved an additional $4.5 billion in debt cancellation for 261,000 borrowers who attended the for-profit school Ashford University from March 1, 2009, to April 30, 2020.
This announcement is a result of a request for relief from the California…
