Biden has enacted targeted student loan cancellation directed at specific groups of student loan borrowers. Targeted student loan cancellation is different than wide-scale student loan cancellation, the latter of which helps most or all student loan borrowers. Sen. Elizabeth Warren (D-MA) and Senate Majority Leader Chuck Schumer (D-NY) want Biden to enact wide-scale student loan cancellation of up to $50,000 of student loans. To date, however, there has been no wide-scale student loan cancellation. Biden instead has focused on student loan cancellation for two existing major constituencies of student loan borrowers. This student loan cancellation is in addition