The Biden administration has canceled approximately $132 billion in debt for more than 3.6 million Americans
The Biden administration on Wednesday announced an additional $4.8 billion in student loan debt relief, affecting more than 80,000 borrowers.
President Biden speaks at a groundbreaking for an Arcosa Wind Towers Inc. manufacturing facility in Albuquerque, New Mexico, on Aug. 9. (Ramsay de Give/Bloomberg via Getty Images / Getty Images)The announcement brings the total approved debt cancelation by the Biden administration to nearly $132 billion for more than 3.6 million Americans.