Biden’s Push to Cancel Student Debt Surpasses 5 Million Borrowers

The Education Department announced on Monday that it had canceled student loans for more than 150,000 borrowers, bringing the tally of Americans whose loans were forgiven under President Biden to over five million. The Biden administration reached the milestone even though many of its more ambitious plans to overhaul the nation’s system for administering student debt faltered over the past two years, forcing the administration to slowly but steadily process applications for relief through established channels created by Congress.