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Biden Administration to Cancel Student Debt for over 300,000 Disabled People

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On Thursday, August 19, 2021, the Biden administration and other leading officials announced that they will be erasing the student for over 300,000 Americans with severe disabilities who are no longer able to earn significant income to pay off their loans.

This erases over $5.8 billion in debt, according to data from the United States Department of Education. Miguel Cardona, Department of Education secretary, said in a statement, “We’ve heard loud and clear from borrowers with disabilities and advocates about the need for this change and we are excited to follow through on it.” There have been calls from millions of Americans to fully cancel student loans and this first erasure wave may be the first of others to come.

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