The Biden administration has taken another significant step in addressing the United States’ mounting student debt crisis, announcing $4.2 billion in relief for over 150,000 borrowers. This latest relief brings the total number of borrowers benefiting from loan forgiveness under Biden to over 5 million.

In the waning days of Joe Biden’s presidency, his administration announced on Monday that it will provide student debt relief to 150,000 borrowers. Almost 85,000 attended schools that defrauded their students;