How Much, How To Get And What’s Next For Student Loans

How Much, How To Get And What’s Next For Student Loans


Got questions about student loan forgiveness?

Here’s what you need to know.

Student Loans

President Joe Biden has cancelled nearly $10 billion of student loans for hundreds of thousands for student loan borrowers. Since becoming president in January, Biden has aggressively moved to cancel federal student loans through the U.S. Department of Education. With the latest news on student loan cancellation, here are answers to the most popular questions on student loan forgiveness and student loan cancellation:

1. How much student loan debt has Biden cancelled?

Since becoming president in January, Biden has cancelled more student loan debt than any other president. This includes:

  • $5.8 billion of student loans for student loan borrowers with a total and permanent disability;
  • $1.3 billion in student loan cancellation for 41,000 student loan borrowers in March;
  • more than $1.5 billion in student loans through the borrower defense to repayment process for nearly 92,000 student loan borrowers; and
  • another $1.1 billion in student loans cancelled through borrower defense to repayment.

In total, Biden has cancelled nearly $9.8 billion of student loans.




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