Market
Which demographic will be the largest beneficiary in the next student loan forgiveness round in 2025?
2
Resolution / Starting Odds
Defrauded Borrowers • 25%
Public Service Workers • 25%
Disabled Borrowers • 25%
Other • 25%
Official announcements from the U.S. Department of Education detailing demographics of beneficiaries
Story
President 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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Low-Income Borrowers • 25%
Other • 25%
Graduate Students • 25%
Middle-Income Borrowers • 25%
Law Enforcement • 25%
Education • 25%
Healthcare • 25%
Military • 25%
Public service workers • 25%
Defrauded students • 25%
Individuals with disabilities • 25%
Other • 25%
Increased public sector employment • 25%
Reduction in overall student loan debt • 25%
Legal and political challenges • 25%
Minimal impact • 25%
Republican Party • 25%
Bipartisan • 25%
Other • 25%
Democratic Party • 25%
More than 500,000 • 25%
250,000 to 500,000 • 25%
100,000 to 250,000 • 25%
Less than 100,000 • 25%
Hispanics • 25%
Caucasians • 25%
Other • 25%
African Americans • 25%
7 to 8 million • 25%
6 to 7 million • 25%
5 to 6 million • 25%
More than 8 million • 25%
Military • 25%
Law Enforcement • 25%
Healthcare • 25%
Education • 25%
Borrowers with private loans • 25%
Borrowers in specific professions • 25%
Borrowers with loans from specific schools • 25%
Other • 25%
$250 billion to $300 billion • 25%
More than $300 billion • 25%
$200 billion to $250 billion • 25%
Less than $200 billion • 25%
Other groups • 25%
Both equally • 25%
Hurricane-affected regions • 25%
Farmers • 25%