The Biden administration has announced student loan forgiveness for an additional 150,000 borrowers, bringing the total to over five million during Biden's term. This recent forgiveness targets three groups: 85,000 students misled by educational institutions, 61,000 individuals with severe disabilities, and 6,100 public service workers. Education Secretary Miguel Cardona emphasized the move as part of ongoing efforts to make education more affordable and accountable, highlighting the administration’s financial commitment of $183.6 billion to student loan forgiveness. With President-elect Trump's upcoming term, this initiative may slow, but the reforms to the Borrower Defense and Public Service Loan Forgiveness programs signal enduring support for affected borrowers.
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