The Biden administration cancelled another $55 million of student loans today, marking a total of $1.5 billion of student loans cancelled so far;

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“Today’s announcement continues the U.S. Department of Education’s commitment to standing up for students whose colleges took advantage of them,”

  • U.S. Secretary of Education Miguel Cardona said. “The Department will continue doing its part to review and approve borrower defense claims quickly and fairly so that borrowers receive the relief that they need and deserve.
  • We also hope these approvals serve as a warning to any institution engaging in similar conduct that this type of misrepresentation is unacceptable.”
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