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Total Student Debt Relief by Biden Administration by January 20, 2025
3
Resolution / Starting Odds
Less than $190 billion • 25%
$190 billion to $200 billion • 25%
$200 billion to $210 billion • 25%
More than $210 billion • 25%
Official reports from the Department of Education or 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
Less than $200 billion • 25%
$250 billion to $300 billion • 25%
$200 billion to $250 billion • 25%
More than $300 billion • 25%
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Borrowers with private loans • 25%
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Borrowers with loans from specific schools • 25%
Borrowers in specific professions • 25%
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Biden Administration • 25%
Next Administration • 25%
Both Equally • 25%
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200,001 to 300,000 • 25%
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Fraud by educational institutions • 25%
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Public service work • 25%
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Minimal impact • 25%