Biden’s Final Student Loan Forgiveness: $189 Billion in Relief, But Battles Loom
In a final round of student loan forgiveness, the Biden administration canceled over $600 million in debt for 8,650 borrowers. This relief targets 4,550 individuals eligible under the Income-Based Repayment plan and 4,100 former DeVry University students. DeVry’s debt cancellation stems from a 2022 Department of Education finding of widespread misrepresentation of job placement rates. While DeVry declined comment due to ongoing litigation, they expressed support for student and taxpayer protection through improved processes.
John Q. Hosedrinker