Biden Student Loan Forgiveness August 2025. Today, president biden announced the approval of $1.2 billion in student debt cancellation for almost 153,000 borrowers currently enrolled in the saving on a valuable. Across 28 debt relief actions, including monday's, the biden administration has announced $183.6 billion in student loan forgiveness, the u.s.
Total loan forgiveness approved by administration is now over. Student loan forgiveness progress had been halted for many idr and pslf borrowers.