More student debt has been forgiven under Biden than any previous administration – but after his signature debt relief program hit a major legal roadblock last year, his historic efforts may fall short of some voters’ expectations. Sixteen million people received an email from the administration in 2022 notifying them that they qualified for student loan forgiveness under Biden’s new program, which was later struck down by the Supreme Court.
5 billion for more than 1.3 million borrowers through the borrower defense program for people who went to schools like the now-defunct, for-profit Corinthian Colleges. The Trump administration also called for ending the Public Service Loan Forgiveness program, which cancels student debt for eligible public-sector workers who have made 10 years of qualifying monthly payments. It was eliminated from Trump’s proposed federal budget all four years he was in office.