Biden Cancels $7.7 Billion in Student Loans for 160,000 Borrowers

The latest debt relief brings total forgiveness under the Biden administration to $167 billion, benefiting 4.75 million Americans.

The new round of cancellations includes public service workers and those on income-driven repayment plans.
Beneficiaries have received an average of $35,000 in debt relief each.
The administration's SAVE Plan and Public Service Loan Forgiveness are key programs in the latest relief effort.
Republican-led states continue to challenge the legality of Biden's debt forgiveness initiatives.
Biden remains committed to pursuing further student debt relief despite legal and political opposition.