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Group Receiving Most Student Debt Relief Under Biden's Initiative by March 31, 2025
3
Resolution / Starting Odds
Defrauded students • 25%
Individuals with disabilities • 25%
Public service workers • 25%
Other • 25%
Reports from the Department of Education or official government announcements
Story
Biden Grants $4.2 Billion Student Debt Relief to 150,000 Before Trump Takes Office
Jan 13, 2025, 04:56 PM
President Joe Biden has approved student loan relief totaling $4.2 billion for over 150,000 borrowers, bringing the total amount of debt forgiveness under his administration to $183.6 billion, benefiting more than 5 million Americans. This relief, announced a week before President Donald Trump takes office, is the largest student loan forgiveness initiative in U.S. history. Beneficiaries include those who attended schools that defrauded their students, individuals with total and permanent disabilities, and public service workers. Despite the collapse of his broader student loan forgiveness plan, Biden continues to alleviate student debt.
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Similar markets
Education • 25%
Law Enforcement • 25%
Military • 25%
Healthcare • 25%
Borrowers with private loans • 25%
Borrowers with loans from specific schools • 25%
Borrowers in specific professions • 25%
Other • 25%
Other • 25%
Defrauded Borrowers • 25%
Public Service Workers • 25%
Disabled Borrowers • 25%
Other • 25%
Graduate Students • 25%
Middle-Income Borrowers • 25%
Low-Income Borrowers • 25%
No • 50%
Yes • 50%
Yes • 50%
No • 50%
Military • 25%
Education • 25%
Healthcare • 25%
Law Enforcement • 25%
More than 300,000 • 25%
Less than 100,000 • 25%
100,000 to 200,000 • 25%
200,001 to 300,000 • 25%
Economic hardship • 25%
Fraud by educational institutions • 25%
Public service work • 25%
Other • 25%
More than $300 billion • 25%
Less than $200 billion • 25%
$200 billion to $250 billion • 25%
$250 billion to $300 billion • 25%
Minimal impact • 25%
Legal and political challenges • 25%
Reduction in overall student loan debt • 25%
Increased public sector employment • 25%
Neither • 25%
Biden Administration • 25%
Next Administration • 25%
Both Equally • 25%