After the U.S. Supreme Court struck down the Biden administration's proposal for widespread student loan forgiveness, the administration has acknowledged that many of the more than 40 million student loan borrowers in the United States struggle with repayment.
Since President Biden took office, the U.S. Department of Education says it has forgiven nearly $160 billion in federal student loan debt, benefiting approximately 4.6 million borrowers. Several aid programs have contributed to the total debt relief, each targeting different borrower groups and circumstances.
