President Joe Biden has now canceled more than $17 billion of student loans.

Here’s what you need to know — and what it means for your student loans.

Student Loans
Biden has now canceled more student loans than any other president. Here’s a breakdown of the historic student loan relief:

  • $6.8 billion for 113,000 borrowers through public service loan forgiveness;
  • $7.8 billion for more than 400,000 student loan borrowers who have a total and permanent disability;
  • $2 billion for 105,000 student loan borrowers who were misled by their college or university through borrower defense to student loan repayment; and
  • $1.2 billion for student loan borrowers who attended ITT Technical Institutes.

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