President Joe Biden moved to discharge federal student loans for more than 150,000 people on Monday, in a final push that will bring the total number of borrowers who received loan forgiveness under his administration to over 5 million people.

Despite failing to deliver his promise for broad student loan forgiveness, President Joe Biden has now overseen the cancellation of student loans for more than 5 million Americans — more than any other president in U.

The Biden administration announced on Monday it was forgiving student loans for more than 150,000 borrowers, bringing the total number of individuals impacted by debt relief in President Biden’s

The Supreme Court will review a lower-court decision that blocked a rule from the Biden administration that helps students defrauded by their colleges to have their loans forgiven. President Joe Biden’s administration has forgiven billions of dollars of student loans under the borrower defense rule.

WASHINGTON (Reuters) - President Joe Biden said on Monday his administration is approving student loan relief for more than 150,000 borrowers who included those who attended schools that defrauded their students, those with total and permanent disabilities and public service workers.

Despite the uncertain environment, it’s not too late for borrowers to take some steps to mitigate the loss of some student loan forgiveness benefits.

The Biden administration has withdrawn two major plans to deliver student loan forgiveness. The proposed regulations would have allowed the secretary of the U.S. Department of Education to cancel student loans for several groups of borrowers, including those who had been in repayment for decades and others experiencing financial hardship.

In his final days in office, President Joe Biden announced that his administration would forgive student debt for more than 150,000 borrowers.