Biden's Final Student-loan Forgiveness Action Has Arrived

asheffey@businessinsider.com (Ayelet Sheffey), Business Insider
Thu, 01/16/2025 - 2:46pm

President Joe Biden announced his final student-loan forgiveness action.Alex Wong/Getty ImagesBiden announced an additional $600 million in student-loan forgiveness.The relief impacts defrauded borrowers and borrowers on income-based repayment plans.This marks Biden's final student-loan forgiveness action before he leaves the White House.Student-loan forgiveness under President Joe Biden has officially reached the end of the road.On Thursday, Biden's Education Department announced over $600 million in debt cancellation for 4,550 borrowers on income-based repayment plans and 4,100 borrowers who the department found were defrauded by DeVry University.This latest announcement marks the final student-loan forgiveness action under the Biden administration."Four years ago, President Biden made a promise to fix a broken student loan system," Education Sec.

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Biden's Final Student-loan Forgiveness Action Has Arrived

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