The Biden administration announced Monday it was forgiving student loans for more than 150,000 borrowers.
The new batch is made up of 85,000 individuals who were defrauded by their schools, 61,000 people with permanent or total disabilities and 6,100 public service workers.
In total, the Biden administration has now spent $183.6 billion to forgive student loans.
The record amount of student debt relief by any president was made possible due to a number of changes the administration made to the Borrower Defense program and the Public Service Loan Forgiveness (PSLF) program to make it easier for borrowers in these categories to receive forgiveness.
Under PSLF, more than 1 million borrowers have received relief, compared to only 7,000 before the start of the Biden administration.
Officials with the Biden administration emphasized how helpful the forgiveness has been for everyday Americans ahead President-elect Trump’s inauguration — and the subsequent likely slowdown of federal efforts on student loans.
Officials would not say if this was the last round of relief borrowers could expect before the president leaves office next week.
The Hill’s Lexi Lonas Cochran has more here.
