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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%
Graduate Students • 25%
Other • 25%
Middle-Income Borrowers • 25%
Law Enforcement • 25%
Healthcare • 25%
Education • 25%
Military • 25%
Defrauded students • 25%
Other • 25%
Public service workers • 25%
Individuals with disabilities • 25%
Reduction in overall student loan debt • 25%
Minimal impact • 25%
Increased public sector employment • 25%
Legal and political challenges • 25%
Republican Party • 25%
Democratic Party • 25%
Other • 25%
Bipartisan • 25%
Less than 100,000 • 25%
100,000 to 250,000 • 25%
250,000 to 500,000 • 25%
More than 500,000 • 25%
More than 8 million • 25%
5 to 6 million • 25%
6 to 7 million • 25%
7 to 8 million • 25%
Military • 25%
Healthcare • 25%
Education • 25%
Law Enforcement • 25%
Borrowers with private loans • 25%
Borrowers in specific professions • 25%
Borrowers with loans from specific schools • 25%
Other • 25%
$200 billion to $250 billion • 25%
Less than $200 billion • 25%
More than $300 billion • 25%
$250 billion to $300 billion • 25%
Hurricane-affected regions • 25%
Farmers • 25%
Both equally • 25%
Other groups • 25%