The Biden administration announced Wednesday it would forgive an additional $4.8 billion in student loan debt for nearly 80,400 borrowers. “Before President Biden took office, it was virtually impossible for eligible borrowers to access the student debt relief they rightfully earned,” U.S. Secretary of Education Miguel Cardona said in a statement. “This level of debt relief is unparalleled and we have no intention of slowing down.” The administration has now canceled a total of nearly $132 billion for more than 3.6 million Americans, the Department of Education said. The debt was forgiven unde…
