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Biden Has Cancelled $11.5 Billion Of Student Loans, But Here’s What This Means For Student Loan Forgiveness

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October 13, 2021
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Biden Has Cancelled $11.5 Billion Of Student Loans, But Here’s What This Means For Student Loan Forgiveness

With public service student loan forgiveness, Biden didn’t choose wide-scale student loan forgiveness. This means that Biden didn’t decide to cancel student loans for every public servant. Rather, Biden, in concert with the U.S. Department of Education, changed the rules of the public service loan forgiveness program to help more student loan borrowers to get student loan forgiveness.

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