President Joe Biden’s administration has canceled more student loans than any other, largely using existing debt cancellation programs.
The administration has adjusted the rules of programs such as the Public Service Loan Forgiveness and income-driven repayment plans to accelerate forgiveness for millions of borrowers.
At the same time, Biden’s new repayment plan, Save, has delivered relief for hundreds of thousands of borrowers with small loans.
Biden’s student debt relief policies have been met with criticism from conservatives who say they are fiscally irresponsible and patently unfair to Americans who never went to college or who paid off their loans. Republican lawmakers have tried to dismantle the policies with varying degrees of success.
Still, the Biden administration has canceled billions of dollars in education debt and touted every new round of loan forgiveness. Here’s a breakdown of that debt relief.
**$68 billion in forgiveness for more than 942,000 borrowers through Public Service Loan Forgiveness
**$5.5 billion for 414,000 borrowers enrolled in the Save plan
**$51 billion through income-driven repayment adjustment for more than 1 million borrowers
**$28.7 billion for more than 1.6 million borrowers whose colleges abruptly closed, were defrauded by their college, or are covered by court settlements
**$14.1 billion for more than 548,000 borrowers who are totally and permanently disabled