Biden cancels $1.3 billion of student loans—his plan for student loan cancellation is becoming clear

If you have been following the latest on student loan cancellation, Biden cancelled student loans for the second time this month. First, Biden cancelled $1 billion of student loans for 72,000 student loan borrowers. Today, he cancelled another $1.3 billion of student loans for 41,000 borrowers with total and permanent disability. Collectively, Biden has cancelled $2.3 billion of student loans for more than 110,000 student loan borrowers. Biden also won’t make an additional 190,000 student loan borrowers with disabilities show documentation proving their earnings.

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