Biden Approves Final Student Loan Forgiveness for Over 150,000 Borrowers as Administration Concludes
President Biden announces $183.6 billion in student loan relief for 150,000 borrowers before leaving office, focusing on fraud victims, public service workers, and borrowers with disabilities.
Biden, 82, will depart the presidency Jan. 20 after ordering about $183.6 billion in student debt write-offs — after the Supreme Court in 2023 struck down a prior plan to wipe $400 billion off the balance sheets at a stroke of a pen.
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Biden bragged that his administration has "forgiven more student loan debt than any other administration in history."
Biden puts taxpayers on the hook for over 150,000 debtors' student loans before leaving office
The Blaze·3M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.RightThis outlet favors right-wing views.
Despite failing to deliver his promise for broad student loan forgiveness, President Joe Biden has now overseen the cancellation of student loans for more than 5 million Americans — more than any other president in U.S. history.
Despite collapse of his forgiveness plan, millions had student loans canceled under Biden
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Although Biden lost the legal battle to deliver on his campaign promise of implementing a broad federal student loan forgiveness program, the president said Monday that his administration has still 'forgiven more student loan debt than any other administration in history.'
Biden cancels student loans for another 150,000 borrowers
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My Administration has taken historic action to reduce the burden of student debt, hold bad actors accountable, and fight on behalf of students across the country.
Biden's student loan relief tops $183 billion in final week in office
Washington Examiner·3M·Mostly ReliableThis source is generally reliable but sometimes includes opinion, propaganda, or minor inaccuracies.Leans RightThis outlet slightly leans right.
Since Day One of my Administration, I promised to ensure higher education is a ticket to the middle class, not a barrier to opportunity, and I'm proud to say we have forgiven more student loan debt than any other administration in history.
Biden's total student debt relief passes $183 billion, after he forgives another 150,000 borrowers
CNBC·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.This announcement likely marks the last of Biden's debt relief efforts, as President-elect Donald Trump takes office on January 20.
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Four years ago, President Biden made a promise to fix a broken student loan system. Today, life-changing student debt relief is possible for more than five million borrowers — more than any other administration in history.
Biden announces student debt relief for 150,000 borrowers, bringing total helped to more than 5M
The Hill·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.Despite failing to deliver his promise for broad student loan forgiveness, President Joe Biden has now overseen the cancellation of student loans for more than 5 million Americans — more than any other president in U.S. history.
Millions have had student loans canceled under Biden — despite the collapse of his forgiveness plan
Associated Press·3M·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.Since Day One of my Administration, I promised to ensure higher education is a ticket to the middle class, not a barrier to opportunity, and I’m proud to say we have forgiven more student loan debt than any other administration in history.
Biden Admin OK's Student Loan Relief for Over 150,000
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Summary
In his final days in office, President Biden approved student loan forgiveness for 150,000 borrowers, totaling over 5 million under his administration. This $183.6 billion relief primarily benefits victims of fraud, public service workers, and borrowers with disabilities. Although Biden aimed for broader federal forgiveness, obstacles arose after the Supreme Court's 2023 ruling that blocked his plan. The administration instead expanded existing programs like Borrower Defense and Public Service Loan Forgiveness, aiming to ensure accessibility for financially vulnerable students, despite criticism from Republicans regarding its fiscal impact and legal validity.
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History
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