Promise Details
During campaign, Biden proposed canceling all undergraduate federal student loan debt to relieve financial burden and stimulate economy. He argued this would ease inequality and boost middle-class mobility. But in office, partial forgiveness and income-based programs were used instead. He never fully canceled all undergraduate loans; many borrowers still owe principal.
What was done
As of April 2024, Biden has canceled a total of $153 billion in student debt for more than four million borrowers.
Sources
The information presented in this promise is aggregated from various publicly available sources. We do not claim ownership or guarantee the accuracy of the content. All data is collected and cross-validated from multiple independent sources. To read more about this promise, please view the source links below:
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