Biden-Harris Administration Surpasses 5 Million Borrowers Approved for Student Loan Forgiveness
January 13, 2025
Approved discharge amount reaches $183.6 billion
The Biden-Harris Administration announced today several additional actions to forgive federal student loans for public servants and borrowers with disabilities, as well as the loans of borrowers who attended colleges that engaged in wrongdoing. Across 28 debt relief actions, including today’s, the Administration has announced $183.6 billion in student loan forgiveness for more than 5 million borrowers since taking office.
“Four years ago, President Biden made a promise to fix a broken student loan system. Today, life-changing student debt relief is possible for more than five million borrowers—more than any other administration in history,” said U.S. Secretary of Education Miguel Cardona. “Thanks to our tireless and unapologetic efforts to work toward a system that is affordable and accountable to both students and taxpayers, today’s announcement includes additional relief for borrowers misled and cheated by their institutions, borrowers with disabilities, as well as additional loan forgiveness for public servants I’m proud of our work to bring relief to these hardworking Americans across the country, and of the Biden-Harris Administration’s historic achievements in making the potential of higher education possible for more people.”
