This year, for the first time in roughly five years, borrowers who have defaulted on their federal student loan debt will face collection activity, including the garnishment of their wages and retirement benefits.

More than 260,000 former students of the now-defunct for-profit Ashford University are getting their student loans erased as the Biden administration presses ahead with debt forgiveness in its final days.

In the waning days of Joe Biden’s presidency, his administration announced on Monday that it will provide student debt relief to 150,000 borrowers. Almost 85,000 attended schools that defrauded their students;

President Joe Biden announced Monday that his administration had approved student loan relief for more than 150,000 borrowers, bringing the total number who have had their student debt cancelled under the Biden administration to over 5 million.

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.

The Biden administration touted its efforts on student-debt relief Monday, saying officials approved 5 million borrowers for debt cancellation over the past four years — more than any other administration — as the White House prepares to hand management of the student-debt crisis over to President-elect Donald Trump.

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,

Although President Joe Biden has not fulfilled his pledge for widespread student loan forgiveness, his administration has canceled student debt for over five million Americans—an achievement unmatched by any other U.