In a significant move, the Biden administration has announced the forgiveness of $4.5 billion in student loans for over 261,000 former students of the now-defunct Ashford University. This action follows judicial findings of widespread deception by the institution regarding costs, accreditation, and graduation rates. The relief applies to borrowings made between March 2009 and April 2020, affecting those who did not individually apply for debt relief. Overall, the Biden administration has forgiven over $183 billion in student loans, marking a historic level of debt relief for affected borrowers.