Biden's final student-loan forgiveness action has arrived

Student-loan forgiveness under President Joe Biden has officially reached the end of the road.

On Thursday, Biden's Education Department announced over $600 million in debt cancellation for 4,550 borrowers on income-based repayment plans and 4,100 borrowers who the department found were defrauded by DeVry University.

This latest announcement marks the final student-loan forgiveness action under the Biden administration.