Miguel Cardona Miguel Cardona
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Miguel Cardona

Secretary of Education Miguel Cardona answers questions during the daily briefing at the White House Aug. 5, 2021, in Washington, D.C. Win McNamee/Getty Images hide caption

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Win McNamee/Getty Images

Student loan balances wiped for the first batch of borrowers in Biden's SAVE plan

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Students find the doors locked to the ITT Technical Institute campus in Rancho Cordova, Calif. The U.S. Education Department says it's erasing student debt for thousands of borrowers who attended the for-profit college chain that made exaggerated claims about its graduates' success in finding jobs. Rich Pedroncelli/AP hide caption

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Rich Pedroncelli/AP