The Department of Education said Wednesday that it has approved the cancellation of nearly $5 billion more in federal student loan debt, bringing the total amount of student debt relief provided under the Biden administration to $132 billion for more than 3.

The outsized effect of student loan debt on marginalized communities can hurt monthly budgets after graduation. The Education Data Initiative estimates that the average Black bachelor’s degree graduates borrow $22,550; white graduates borrow $17,850; Asian graduates, $21,260; and Hispanic graduates, $21,240.

Advocates for student loan bailouts have struggled to identify viable sympathy stories. When the loan payments restarted in October, mainstream media outlets shared stories like the substitute teacher who quit her job and then said she struggled to make $200 monthly payments.

A temporary federal student loan forgiveness program enacted by President Biden is about to hit a key cutoff date at the end of the month.

The Biden administration on Wednesday announced an additional $4.8 billion in student loan debt relief, affecting more than 80,000 borrowers. Today’s announcement brings the total approved debt cancelation by the Biden administration to nearly $132 billion for more than 3.

The Biden administration approved about $5 billion in new student debt relief, the Department of Education said.

Americans who owe more than they initially took out in student loans, and are enrolled in income-driven repayment plans, may soon be eligible for relief from the federal government, according to a proposal the Education Department published Monday.

This latest $4.8 billion in relief brings the grand total of approved debt cancellation by the administration to $132 billion for over 3.6 million Americans.

President Joe Biden moved to forgive $4.8 billion in student loans Wednesday, providing relief to more than 80,000 borrowers including public sector employees and Americans who have been repaying their federal debts for decades.