“Breaking Down Barriers: Biden Administration’s Ongoing Pursuit of Student Debt Relief”
The Department of Education said Wednesday that it has approved the cancellation of nearly $5 billion more in federal student loan debt, bringing the total amount of student debt relief provided under the Biden administration to $132 billion for more than 3.6 million borrowers.
Though the Supreme Court struck down President Joe Biden’s signature student loan forgiveness program, which promised up to $20,000 in debt relief for low- and middle-income borrowers, the administration has continued to find other ways to provide debt relief.
“We are continuing to pursue an alternative path to deliver student debt relief to as many borrowers as possible as quickly as possible,” Biden said in a statement Wednesday.
