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Biden forgives student loans for 150,000 borrowers, bringing total to 5 million

FILE PHOTO: U.S. President Joe Biden is shown in his office in Washington

FILE PHOTO: U.S. President Joe Biden is seen in the Oval Office at the White House in Washington, U.S., January 10, 2025. REUTERS/Elizabeth Frantz/File Photo

 Elizabeth Frantz

By Kanishka Singh

WASHINGTON (Reuters) -President Joe Biden said on Monday his administration would cancel student loans for more than 150,000 borrowers, targeting those who attended schools that defrauded students, those with permanent disabilities and public service workers.



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