Biden uses loophole for defiant last act on student loans – as total forgiveness cost hits $183 billion
In his final hours at the White House, President Joe Biden announced the cancellation of student debt for another 150,000 borrowers.
While he was unable to deliver on his promise of broad student loan forgiveness, President Biden has overseen the cancellation of student debt for more than 5 million Americans – more than any other president in U.S. history.