Biden administration found to have silently forgiven billions in student debt

WPublic attention swirled about, however. Supreme Court There have been some delays in taking action Biden administration’s ambitious student debt Plan of forgiveness, millions of dollars worth in debts have been quietly forgiven.

A program offered by the Education Department that allows students to claim a defense against repayment in cases where their school violates state laws or misled them, has been applied to forgive debt to over 770,000. according to The Los Angeles Times. Although the program started in the Obama presidency, it gained considerable traction during the Biden presidency.

BIDEN’S CHANGES TO STUDENT LOANS MEANS THE VAST MAJORITY OF BORROWERS WILL NEVER REPAY THEIR DEBT

The program is expected to cancel more than $6 million in student loans for more than 200k students at over 150 schools. The Education Department is expected to respond in six months to more than 64,000 individuals.

“I think that the Biden administration recognizes that there is this legal obligation [to borrower defense applicants], in that there has to be a process, it has to be fair, it has to be timely,” Eileen Connor (president and director, Project on Predatory Stud)