Biden administration announces $4.8 billion in student loan forgiveness for 80,400 borrowers

The Biden administration announced Wednesday it would forgive an additional $4.8 billion in student loan debt for nearly 80,400 borrowers. “Before President Biden took office, it was virtually impossible for eligible borrowers to access the student debt relief they rightfully earned,” U.S. Secretary of Education Miguel Cardona said in a statement. “This level of debt relief is unparalleled and …