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From The Hill: The Biden administration announced Monday it was forgiving student loans for more than 150,000 borrowers, bringing the total number of individuals impacted by debt relief in President Biden’s term to over 5 million.
The 150,000 new borrowers are made up of 85,000 individuals who were defrauded by their schools, 61,000 people with permanent or total disabilities and 6,100 public service workers.
“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,” Secretary of Education Miguel Cardona said.
In total, the Biden administration has now spent $183.6 billion to forgive student loans.
“Four years ago, @POTUS made a promise to fix a broken student loan system. Today, life-changing student debt relief is possible for more than FIVE MILLION borrowers—more than any other administration in history. I am proud of the work we’ve done for borrowers,” Cardona cheered.
Four years ago, @POTUS made a promise to fix a broken student loan system.
Today, life-changing student debt relief is possible for more than FIVE MILLION borrowers—more than any other administration in history.
I am proud of the work we’ve done for borrowers.— Secretary Miguel Cardona (@SecCardona) January 13, 2025
CLICK HERE to read the full press release by Biden’s Department of Education, as they share details of yet another group of student loan debts now paid for with taxpayer dollars.
This is huge! In the last days of the Biden admin, @usedgov has now cancelled student debt for over 5 MILLION borrowers—passing $183.6 BILLION in relief via the admin’s various relief program fixes & initiatives.
The more student debt relief, the better! https://t.co/SmuT0U8v0q
— Student Borrower Protection Center (@theSBPC) January 13, 2025
Rep. James Clyburn (D-SC) gloated over the giveaway, writing, “The Biden-Harris Administration has approved student loan forgiveness for 5 MILLION borrowers. Today’s recipients include public servants, students that were purposefully misled by their schools, and borrowers with permanent disability. Promises kept.”
The Biden-Harris Administration has approved student loan forgiveness for 5 MILLION borrowers.
Today’s recipients include public servants, students that were purposefully misled by their schools, and borrowers with permanent disability.
Promises kept.https://t.co/Cjsf2BR40O
— James E. Clyburn (@RepJamesClyburn) January 13, 2025
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