Biden Has Wiped Away $127 Billion in Student Loan Debt
The president’s signature forgiveness plan was struck down by the Supreme Court but tweaks to existing programs are still bringing some borrowers relief.
Photographer: Erin Clark/The Boston Globe/Getty Images
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At least some Americans are seeing their student debt wiped away.
The Supreme Court may have struck down President Joe Biden’s one-time forgiveness plan, estimated to cost $400 billion. However, changes to existing programs have allowed for more than $127 billion in debt to be forgiven since Biden took office, far surpassing previous totals.