Democrats Push Biden to Finalize Student Loan Forgiveness for Defrauded Borrowers

Lawmakers urge urgent action to process pending borrower defense claims before the Trump administration takes office in January.

Democratic lawmakers, led by Sens. Dick Durbin and Ed Markey and Rep. Maxine Waters, are pressing President Biden to expedite student loan forgiveness for borrowers defrauded by for-profit schools.
Over 145,000 borrowers from institutions like Corinthian Colleges and ITT Technical Institute are still waiting for promised debt relief, despite prior approvals.
A federal injunction has stalled parts of the borrower defense loan discharge program, but lawmakers argue the Department of Education should act within its authority to provide relief.
Lawmakers emphasize that the incoming Trump administration is unlikely to prioritize or continue current student loan forgiveness efforts and may reverse existing policies.
The Biden administration has forgiven debt for over 1.6 million defrauded borrowers but faces mounting pressure to resolve outstanding claims before January 20, 2025.