Student loan forgiveness: Biden announces $7.7B in student loan debt relief for 160K Americans

Biden’s administration has been trying to highlight what it sees as monthly progress with its student debt relief programs despite aThis latest wave of cancellations brings the total number of Americans who have seen their student debt canceled to 4.75 million, with a total of $167 billion in student debt canceled,Of the borrowers who qualified under the most recent announcement, 66,900 borrowers qualified through the PSLF program and had a total of $5.2 billion forgiven.

More than 54,000 borrowers enrolled in the SAVE plan who took out smaller loans for graduate school got a total of $613 million in relief. And an additional 39,200 borrowers enrolled in income-driven repayment programs had a total of $1.9 billion forgiven.has been working over the past few months to deliver relief to certain groups of borrowers under a different legal authority.

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