The Biden Administration has announced an additional $9 billion in student loan forgiveness for 125,000 borrowers, including $5.2 billion in forgiveness for 53,000 borrowers in the Public Service Loan Forgiveness program, $2.8 billion in forgiveness for 51,000 borrowers from a one-time fix to income-driven repayment plans, and $1.2 billion in forgiveness for 22,000 borrowers with permanent disabilities.