Biden forgives $4.5B for 261,000 borrowers in final student loan action

The Biden administration forgave $4.5 billion for more than 261,000 student loan borrowers in one of its final actions before departing office. In a statement released by the Department of Education (DOE), the Biden administration said the forgiveness was distributed to 261,000 borrowers who attended Ashford University, a largely online school, from March 2009 to…