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VisitPresident Biden Forgives $4.2 Billion in Student Loans for 150,000 Borrowers, Total Relief Reaches Over 5 Million
Jan 13, 2025, 05:19 PM
President Joe Biden announced that his administration has approved student loan forgiveness for more than 150,000 borrowers, canceling $4.2 billion in debt in the latest round of relief. This brings the total number of individuals who have received debt relief under his tenure to over 5 million, with the total amount of student debt relief provided by the Biden administration now surpassing $183.6 billion. The latest round of forgiveness includes 85,000 borrowers who were defrauded by their schools, 61,000 borrowers with total and permanent disabilities, and 6,000 public service workers. Despite the previous collapse of his broader student loan forgiveness plan, Biden has now canceled more student loans than any other president in U.S. history.
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Less than 100,000 • 25%
100,000 to 250,000 • 25%
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$250 billion to $300 billion • 25%
$5 billion to $10 billion • 25%
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$10 billion to $15 billion • 25%
No • 50%
Yes • 50%
Middle-Income Borrowers • 25%
Low-Income Borrowers • 25%
Graduate Students • 25%
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Biden Administration • 25%
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Both Equally • 25%
Next Administration • 25%
Reduction in overall student loan debt • 25%
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Increased public sector employment • 25%
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$190 billion to $200 billion • 25%
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No • 50%
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Broad Forgiveness Program • 25%
Interest Rate Reduction • 25%
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Income-Driven Repayment Expansion • 25%