President Biden Announces $127 Billion in Student Debt Relief for 3.6 million Americans
October 5, 2023
President Joe Biden's longstanding push that college "should be a pathway to the middle class rather than a financial burden on families" took a significant step forward this week. The Biden Administration approved an additional 125,000 Americans for $9 billion in debt relief. These measures, achieved through enhancements to income-driven repayment (IDR) and Public Service Loan Forgiveness, along with debt cancellations for those with permanent disabilities, bring the total approved debt relief during the Biden-Harris Administration to $127 billion for nearly 3.6 million Americans.