The Biden administration announced Thursday its final round of student debt relief, topping off the most loan forgiveness ever given in a presidency.
The Department of Education announced it was forgiving more than $600 million of student loans for 4,550 borrowers through the income-driven repayment plan and 4,100 borrowers through Borrower Defense.
In total, the administration has given $188 billion of student debt relief to more than 5 million borrowers through 33 executive actions.
“Four years ago, President Biden made a promise to fix a broken student loan system. 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…
