Biden forgives additional $600M in student debt on his way out
In a final move by the Biden administration before President-elect Donald Trump's inauguration this Monday, the Department of Education announced $600 million in student debt will be forgiven for more than federal loan 4,500 borrowers.
Despite setbacks, Biden's total forgiveness amounts to $188.8 billion to more than 5 million borrowers. This includes relief for DeVry University students due to misleading job placement claims.
In the video above, watch Wealth host Brad Smith highlight the significant relief efforts amid ongoing legal challenges.
To watch more expert insights and analysis on the latest market action, check out more Wealth here.
This post was written by Josh Lynch
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