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White House Forgives Student Loans for Over 150,000 More Borrowers

This could be the Biden administration's last round of student debt relief before the White House transition.

Headshot of Dashia Milden
Headshot of Dashia Milden
Dashia Milden Editor
Dashia is the consumer insights editor for CNET. She specializes in data-driven analysis and news at the intersection of tech, personal finance and consumer sentiment. Dashia investigates economic shifts and everyday challenges to help readers make well-informed decisions, and she covers a range of topics, including technology, security, energy and money. Dashia graduated from the University of South Carolina with a bachelor's degree in journalism. She loves baking, teaching spinning and spending time with her family.
Dashia Milden
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Getty Images/Zooey Liao/CNET

The Biden-Harris administration on Monday announced an additional round of student loan forgiveness, canceling the balances of over 152,000 borrowers. The loans forgiven total nearly $4 billion.

The latest relief news applies to three groups: 6,100 borrowers enrolled in the Public Service Loan Forgiveness program; 85,000 borrowers who were cheated or defrauded by their schools; and 61,000 borrowers with total or permanent disabilities. This brings the administration's total student loan forgiveness amount to $183.6 billion for over 5 million borrowers in the past four years.

Senior administration officials did not confirm whether this is the last round of forgiveness before President-elect Donald Trump takes office next Monday, Jan. 20. However, Under Secretary of Education James Kvaal shared in the announcement that the current administration expects student loan forgiveness programs already authorized by Congress, such as the PSLF and approved income-driven repayment plans, to continue. 

Notifications are being sent to eligible borrowers, so keep an eye on your email to see if your balances have been forgiven. You can also check the status of your student loans and forgiveness at StudentAid.gov. 

Read more: New Student Loan Forgiveness 'Buyback' Program Could Help You Get Debt Relief Sooner

About the Author

Headshot of Dashia Milden
Editor
Editor

Dashia is the consumer insights editor for CNET. She specializes in data-driven analysis and news at the intersection of tech, personal finance and consumer sentiment. Dashia investigates economic shifts and everyday challenges to help readers make well-informed decisions, and she covers a range of topics, including technology, security, energy and money. Dashia graduated from the University of South Carolina with a bachelor's degree in journalism. She loves baking, teaching spinning and spending time with her family.