
Biden cancels ANOTHER $7.4 BILLION in student loan debt: President has now erased $153 billion for 4.3 million Americans in scheme ripped by critics as a bid to 'buy votes'
Daily MailLatest effort brings number of borrowers to have debt wiped to 4.3 million Debt is being wiped out for borrowers enrolled in the SAVE plan, Income-Driven Repayment plan and Public Service Loan Forgiveness plan The White House has announced it is wiping out another $7.4 billion in student loan debt for 277,000 borrowers, bringing the total canceled by the Biden administration to $153 billion. The Biden administration has canceled $153 billion in student loan debt through a series of efforts including the SAVE plan as well as changes to Income-Driven Repayment and Public Service Loan Forgiveness plans The bulk of the debt being forgiven on Friday comes through the SAVE plan, an income drive repayment plan that cuts down on the amount to time and money some borrowers have to pay before their student loan debt is forgiven. Biden Administration Student Loan Debt Forgiveness August 2022: Biden announces original plan to cancel up to $20,000 in student loan debt June 2023: Supreme Court blocks Biden's first student loan forgiveness plan August 2023: Biden announces income driven repayment SAVE plan February 2024: Biden administration begins canceling debt under the SAVE plan March 2024: 11 states sue to block the SAVE plan April 2024: Biden administration unveils new proposals to cancel student loan debt under the Higher Education Act April 2024: Seven states led by Missouri sue over the SAVE plan White House press secretary Karine Jean-Pierre blasted the lawsuits saying the Republican elected officials want to make their constituents monthly payments go up and keep them under a mountain of debt. Additionally, undergraduate borrowers who entered into repayment 20 or more years ago and graduate student borrowers who began repayment 25 or more years ago would Borrowers who have been enrolled in low-financial-value programs and those have have faced financial hardship paying back loans would President Biden released a video on Monday touting his latest student loan debt forgiveness proposals which would cancel accrued interest for millions, wipe debt for some borrowers who have not already enrolled but qualify for other programs and cancel debt for some who have been in repayment for 20 or more years Protesters outside the Supreme Court on June 30, 2023.
History of this topic

Trump order denies student loan relief to nonprofit workers engaged in ‘improper’ activity
LA Times
Trump order denies student loan relief to nonprofit workers engaged in 'improper' activity
New Indian Express
Trump order denies student loan relief to nonprofit workers engaged in ‘improper’ activity
Associated Press
Could federal upheaval erase student loan debt? Not so fast
Salon
Student loan forgiveness in US: Biden promised, will Trump fulfil?
India Today
Biden administration cancels loans for 260,000 former Ashford University students
Associated Press
Biden cancels student debt for another 150,000 borrowers
Daily Mail
Millions have had student loans canceled under Biden — despite the collapse of his forgiveness plan
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Biden’s parting gift: Student loan debt relief
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House approves funding bill, sends to Senate hours before government shutdown deadline
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Biden cancels $4.28 bn more in student debt before leaving office
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$180 billion and counting: Joe Biden announces fresh cancellation of US student loans during final month in office
Live Mint
Biden cancels nearly $4.3 billion more in student loans, ‘I promised to…’
Hindustan Times
More student loans canceled in Biden’s final round of forgiveness before leaving office
The Hindu
White House starts scrapping pending rules, including student debt cancellation
Associated Press
More student loans canceled in Biden's final round of forgiveness before leaving office
The Independent
Biden cancels another $4.2bn in US student loans before leaving office
Al Jazeera
Biden administration provides $4.28 billion in student debt relief
Politico
Biden scraps plans to cancel widespread student loan debt
Salon
Many student loans bills could double under Trump: report
Raw Story
Some student loan borrowers may have to pay more under Trump
Salon
Student loans and Trump: Borrowers brace for changes
Salon
Biden administration scrambles to spend funds, approve projects in its final weeks
LA Times
Higher payments loom for many student loan borrowers under Trump
LA Times
What a Trump presidency might mean for student loan forgiveness
NPR
Trump win clouds Biden's student debt cancellation efforts
India Today
Biden trying again at student loan cancellation, this time for those with financial hardships
LA Times
Biden's Student Loan Repayment Plan Faces Legal Challenge as Court Sets Hearing
CNN
The Biden administration has now canceled loans for more than 1 million public workers
The Independent
Biden's student loan cancellation free to move forward as court order expires
The Independent
'Dangerous': Judge blocks student debt relief rule that doesn't exist yet
Raw Story
Supreme Court rebuffs Biden administration plea to restore multibillion-dollar student debt plan
The Independent
Supreme Court keeps on hold Biden’s scaled-down plan to reduce student loan debt
LA Times
Supreme Court won’t reinstate Biden’s loan repayment program
Politico
Biden administration cancels another $1.2bn in student loans for public service workers
The Independent
Biden administration cancels another $1.2 billion in student loans for public service workers
Associated Press
Federal judges temporarily halt much of President Biden’s student debt forgiveness plan
LA Times
Biden’s student loan work gets tepid reviews — even among those with debt, an AP-NORC poll finds
Associated Press
Biden administration cancelling student loans for another 160,000 borrowers
Hindustan Times
Biden administration canceling student loans for another 160,000 borrowers
Associated Press
Biden administration canceling student loans for another 160,000 borrowers
The Independent
$6.1 billion in student loan debt canceled for enrollees at for-profit Art Institutes
LA Times
Biden cancels $6 billion in student loans for 317,000 Americans scammed by art school and brings total handouts to more than $160 billion before the 2024 election
Daily Mail
Former students of the for-profit Art Institutes are approved for $6 billion in loan cancellation
The Independent
Biden forgives more than $6 billion in loans for 317,000 Art Institutes students
NPR
Biden accused of using student loan forgiveness program to PAY pro-Palestine activists with taxpayer dollars as campus protests continue
Daily Mail
Biden’s latest plan for student loan cancellation moves forward as a proposed regulation
Associated Press
The real reason Republicans oppose efforts to cancel student debt
Raw Story
GOP lawmaker complaining about student debt relief gets a brutal reminder from White House
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