Back to today’s briefing

Story perspectives

Biden Forgives $600 Million in Student Loans, Final Act

1/17/2025

39 7

Summary

Story summary

President Biden's administration has unveiled its final act of student loan forgiveness, wiping away over $600 million for 8,650 borrowers, including those misled by DeVry University. This monumental relief totals $188.8 billion for 5.3 million borrowers, symbolizing a powerful conclusion to Biden's commitment to easing the burden of student debt before his term ends.

1 of 1

Story summary

President Biden's administration has unveiled its final act of student loan forgiveness, wiping away over $600 million for 8,650 borrowers, including those misled by DeVry University. This monumental relief totals $188.8 billion for 5.3 million borrowers, symbolizing a powerful conclusion to Biden's commitment to easing the burden of student debt before his term ends.