The major changes to public service loan forgiveness will cancel at least $4.5 billion of student loans. The latest student loan cancellation is another example of targeted student loan cancellation (in this case for public servants). Since becoming president, Biden has focused exclusively on targeted student loan cancellation (which benefits a particular group of student loan borrowers) over wide-scale student loan cancellation (which benefits most or all student loan borrowers). There’s a consistent pattern in Biden’s approach to student loan forgiveness, and none of the student loan cancellation to date has resembled anything close to wide-scale student loan forgiveness for all student loan borrowers.