President Biden announced the approval of student loan handouts for more than 150,000 people on Monday, with the White House touting a total of more than 5 million beneficiaries over the course of the president’s term.
With just one week left in office, Biden said his administration “has taken historic action to reduce the burden of student debt, hold bad actors accountable, and fight on behalf of students across the country.”
“These 150,000 borrowers include: almost 85,000 borrowers who attended schools that cheated and defrauded their students, 61,000 borrowers with total and permanent disabilities, and 6,100 public service workers,” Biden said in a statement.
Biden boasted that his administration has also provided a record-high boost to the maximum amount for Pell Grants in the past 10 years.
BIDEN ADMINISTRATION REVERSES COURSE, REOPENS INCOME-BASED STUDENT LOAN REPAYMENT PROGRAMS
“I promised to ensure higher-educationis a ticket to the middle class, not a barrier to opportunity, and I’m proud …