Biden Moves to Cancel Student Debt for 323,000 More Borrowers

Is he ramping up to widespread student debt forgiveness? Here's what we know.

Biden speaks at a podium

The Biden administration announced on Thursday that it would automatically cancel the student debt of 323,000 borrowers with disabilities.

It’s a fantastic thing to do. It’s also part of a strategy that’s more limited than wholesale cancellation of student debt and more limited than what President Biden promised during the campaign, what other leading Democrats are calling for, and what advocates and the data say is needed to solve the student debt crisis.

Here’s what you need to know about Biden’s latest move, how it fits into his long-term strategy, and what will hopefully happen next.

Whose student loan debt did the Biden administration just cancel?


What has Biden previously done for borrowers?

Betsy DeVos

What are the prospects for future student debt cancellation?

remains a very popular policy

Elizabeth Warrento cancel $10,000 in student debt for all borrowersissue a memo on his legal authority to do sosome legal debate on the question