Desperate For Votes: Biden Claims His Administration Approved $132 Billion In Student Loan Forgiveness
KEVIN LAMARQUE/Credit: CNS photo/Reuters
Just in time for the election, some might think after reading the headline.
Despite this unprecedented level of loan forgiveness, the relief is still only a fraction of the nearly $2 trillion in outstanding student loan debt that Americans carry.
And the amount of debt cancellation so far falls short of the sweeping student debt relief that President Joe Biden had intended to implement as part of his broad-based loan forgiveness plan that the Supreme Court rejected last summer.
Still, top officials are touting the achievements and assuring borrowers that additional relief is coming.
Biden’s staff took to his X account to reiterate the claim
“My Administration has cancelled student debt for 3.6 million people through various actions,
