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When Joe Biden left office last month, he did so having forgiven more student loan debt than any of his predecessors—a total of $188.8 billion for 5.3 million borrowers over his four-year term.
That compares with around $1.59 trillion at the start of 2021. "Total student loan debt went up while President Biden was in office, despite all of the student loan forgiveness," Kantrowitz said.