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Biden’s total student debt relief passes $183 billion, after he forgives another 150,000 borrowers

  • President Joe Biden has overseen the cancellation of student loans for more than 5 million Americans, more than any other president in U.S. History.
  • The Education Department canceled loans for 150,000 borrowers through existing programs on Monday, totaling $183.6 billion in waived loans.
  • Most of the recent relief came from the Borrower Defense Program, allowing loan cancellation for students misled by colleges.
  • More than 1 million public servants have had their debts erased through Public Service Loan Forgiveness, following relaxed eligibility rules.
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  • 64% of the sources are Center
64% Center
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