"I fixed student loan programs to reduce the burden of student debt for nearly four million Americans," President Biden bragged during his State of the Union address on Thursday night. "Such relief is good for the economy because folks are now able to buy a home, start a business, even start a family."
Despite failing to enact blanket student loan forgiveness, Joe Biden has still managed to forgive more than $130 billion in federal student loans since taking office in 2021—and due to a series of Education Department rule changes, even more loans are set to be forgiven in the coming years.
