Biden Has Forgiven $136 Billion in Student Debt – More Could Be on the Way

During President Joe Biden’s tenure, over 3.7 million borrowers have seen their student loans forgiven, totaling $136.6 billion in relief. The Supreme Court thwarted Biden’s proposal to cancel up to $400 billion for millions of Americans, prompting his administration to leverage every available avenue within its existing authority to reduce student debt burdens. The administration’s proactive review of borrower accounts continues to identify those eligible for forgiveness, marking a period of unprecedented loan cancellation activity.