The White House forgives student loans for more than 150,000 additional borrowers

Biden-Harris administration on Monday Announce An additional round of student loan forgiveness, eliminating the balances of more than 152,000 borrowers. The total forgivable loans amount to approximately $4 billion.

The latest relief news applies to three groups: 6,100 borrowers enrolled in the program Public Service Loan Forgiveness Program; 85,000 borrowers who were cheated or defrauded by their schools; And 61 thousand borrowers with complete or permanent disabilities. This brings the administration’s total student loan forgiveness to $183.6 billion for more than 5 million borrowers in the past four years.

Senior administration officials have not confirmed whether this is the last round of waivers before President-elect Donald Trump takes office next Monday, January 20. However, Education Undersecretary James Cvale shared the announcement that the current administration anticipates student loan forgiveness programs. Already authorized by Congress, e.g PSLF Income-driven repayment plans will continue.

Notices are sent to eligible borrowers, so keep an eye on your email to see if your balances have been forgiven. You can also check the status and forgiveness of your student loans at StudentAid.gov.

Read more: A new “buyback” student loan forgiveness program can help you get debt relief sooner