Biden Grants $4.2 Billion Student Debt Relief to 150,000 Before Trump Takes Office

Jan 13, 2025, 04:56 PM

President Joe Biden has approved student loan relief totaling $4.2 billion for over 150,000 borrowers, bringing the total amount of debt forgiveness under his administration to $183.6 billion, benefiting more than 5 million Americans. This relief, announced a week before President Donald Trump takes office, is the largest student loan forgiveness initiative in U.S. history. Beneficiaries include those who attended schools that defrauded their students, individuals with total and permanent disabilities, and public service workers. Despite the collapse of his broader student loan forgiveness plan, Biden continues to alleviate student debt.