Just one week after it wiped the slate clean of $5.8 billion in student loan debt held by more than 323,000 Americans, the Biden administration has announced it’s canceling another $1.1 billion in loans.

Officials say the new action provides relief to former students of a school that made “widespread representations” as it fought a losing battle to stay in business. About half the borrowers being granted forgiveness have defaulted on their loans, the U.S. Department of Education says.

Debt cancellation will give them more financial room