Biden cancels another $1.2 billion of student loan debt

It erases federal student loan balances for those who originally borrowed $12,000 or less and have made payments for at least 10 years.

News 12 Staff

Feb 21, 2024, 5:33 PM

Updated 62 days ago

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President Joe Biden has canceled another $1.2 billion of student loan debt.
This latest round of relief impacts nearly 153,000 borrowers who enrolled in a new repayment plan launched in August.
It erases federal student loan balances for those who originally borrowed $12,000 or less and have made payments for at least 10 years.
So far, the president has canceled nearly $138 billion of student loan debt.


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