Biden Cancels Up to $20,000 of Student Debt

The moment has finally arrived. The Biden administration announced on Wednesday that it is moving forward with its promise to partially cancel student debt.

Biden also announced the student loan repayment pause, issued due to the COVID-19 pandemic, will cease at the end of this year. These changes come on top of the Public Service Loan Forgiveness waiver and debt cancellation of students defrauded by predatory institutions, totaling $32 billion in student debt relief for 1.6 million Americans.