On Monday, just one week before Trump’s inauguration, Joe Biden canceled student loans for 150,000 borrowers.
“Today, my Administration is approving student loan relief for more than 150,000 borrowers – bringing the total number of Americans who have had their student debt canceled by my Administration to over 5 million. These 150,000 borrowers include: almost 85,000 borrowers who attended schools that cheated and defrauded their students, 61,000 borrowers with total and permanent disabilities, and 6,100 public service workers,” Biden said in a statement on Monday.
Joe Biden boasted about passing the “canceled” student loan costs onto working- and middle-class families who never sent their kids to college. Meanwhile, he punished responsible individuals who paid off their student loans in full, offering them no refunds.
“Since Day One of my Administration, I promised to ensure higher education is a ticket to the middle class, not a barrier to opportunity, and I’m proud to say we have forgiven more student loan debt than any other administration in history,” Biden said.
As reported by NBC News:
With just days left in his term, President Joe Biden announced Monday that his administration had approved student loan relief for more than 150,000 borrowers, bringing the total number who have had their student debt canceled under the Biden administration to over 5 million, he said in a White House release.
Although Biden lost the legal battle to deliver on his campaign promise of implementing a broad federal student loan forgiveness program, the president said Monday that his administration has still “forgiven more student loan debt than any other administration in history.”
The 150,000 new beneficiaries announced Monday include more than 80,000 borrowers who were cheated or defrauded by their schools, over 60,000 borrowers with total and permanent disabilities, and more than 6,000 public service workers, Biden said in the release.
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