Statement from President Joe Biden on Approving Student Debt Cancellation for Over 5 Million Americans | The White HouseSkip to contentThe White HouseThe White House The White House Home AdministrationThe RecordBriefing RoomVisitEspañol InstagramOpens in a new windowFacebookOpens in a new windowXOpens in a new windowYouTubeOpens in a new windowLinkedInOpens in a new windowThreadsOpens in a new windowRedditOpens in a new windowSnapchatOpens in a new window Contact UsPrivacy PolicyCopyright PolicyAccessibility Statement MenuCloseTo search this site, enter a search termSearchMobile Menu OverlayAdministrationShow submenu for “Administration””President Joe BidenVice President Kamala HarrisFirst Lady Dr. Jill BidenSecond Gentleman Douglas EmhoffThe CabinetExecutive OfficesShow submenu for “Executive Offices””Council of Economic AdvisersCouncil on Environmental QualityDomestic Policy CouncilGender Policy CouncilNational Economic CouncilNational Security CouncilNational Space CouncilOffice of Intergovernmental AffairsOffice of Management and BudgetOffice of the National Cyber DirectorOffice of National Drug Control PolicyOffice of Public EngagementOffice of Science and Technology PolicyOffice of the United States Trade RepresentativeClimate Policy OfficePresidential Personnel OfficeThe RecordBriefing RoomThe White HouseShow submenu for “The White House””PresidentsFirst FamiliesThe GroundsOur GovernmentGet InvolvedShow submenu for “Get Involved””Write or Call The White HouseJoin UsWhite House FellowsWhite House Internship ProgramVisitEspañol Contact UsPrivacy PolicyCopyright PolicyAccessibility Statement InstagramOpens in a new windowFacebookOpens in a new windowXOpens in a new windowYouTubeOpens in a new windowLinkedInOpens in a new windowThreadsOpens in a new windowRedditOpens in a new windowSnapchatOpens in a new window The White House 1600 Pennsylvania Ave NW Washington, DC 20500 To search this site, enter a search termSearchJanuary 13, 2025 Statement from President Joe Biden on Approving Student Debt Cancellation for Over 5 Million Americans Home Briefing Room Statements and Releases Today, my Administration is approving student loan relief for more than 150,000 borrowers – bringing the total number of Americans who have had their student debt cancelled by my Administration to over 5 million. These 150,000 borrowers include: almost 85,000 borrowers who attended schools that cheated and defrauded their students, 61,000 borrowers with total and permanent disabilities, and 6,100 public service workers. My Administration has taken historic action to reduce the burden of student debt, hold bad actors accountable, and fight on behalf of students across the country. This includes fixing the broken Public Service Loan Forgiveness (PSLF) program and ensuring over 1 million public service workers receive the student loan relief they are entitled to under the law, approving student loan relief for 1.7 million borrowers who were cheated and defrauded by their schools, delivering student debt relief to 633,000 borrowers with total and permanent disabilities, and fixing administrative errors in the Income-Driven Repayment programs to deliver relief to over 1.4 million borrowers who have been in repayment for decades. My Administration also secured the largest increase to the maximum Pell Grant award in a decade to put higher-education in reach for more Americans.Since Day One of my Administration, I promised to ensure higher-education is a ticket to the middle class, not a barrier to opportunity, and I’m proud to say we have forgiven more student loan debt than any other administration in history.### Stay ConnectedSign UpEmail Address* RequiredZIP CodePlease leave blank.We'll be in touch with the latest information on how President Biden and his administration are working for the American people, as well as ways you can get involved and help our country build back better. Opt in to send and receive text messages from President Biden. ShareShare this page on FacebookShare this page on Xhttps://www.whitehouse.gov/briefing-room/statements-releases/2025/01/13/statement-from-president-joe-biden-on-approving-student-debt-cancellation-for-over-5-million-americans/?utm_source=link HomeThe AdministrationExecutive OfficesPrioritiesThe RecordBriefing RoomThe White HouseVisitGet InvolvedEspañol Contact UsPrivacy PolicyCopyright PolicyAccessibility Statement InstagramOpens in a new windowFacebookOpens in a new windowXOpens in a new windowYouTubeOpens in a new windowLinkedInOpens in a new windowThreadsOpens in a new windowRedditOpens in a new windowSnapchatOpens in a new window The White House 1600 Pennsylvania Ave NW Washington, DC 20500 WH.gov Scroll to Top Scroll to Top Top
