Biden Update On Student Loans 2025. As of april 30 last year, the biden administration had forgiven $17.2 billion in federal student loans for 974,820 borrowers who claimed they were defrauded, according to the office. In his final days in office, president joe biden announced that his administration would forgive student debt for more than 150,000 borrowers.
Officials with the biden administration emphasized how helpful the forgiveness has. As of april 30 last year, the biden administration had forgiven $17.2 billion in federal student loans for 974,820 borrowers who claimed they were defrauded, according to the office.
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