Rear view of college graduates
  • The White House released data showing how many student-loan borrowers applied for or were deemed eligible for Biden's debt relief.
  • Per the data, 26 million applied or were deemed eligible, and 16 million of them were sent to loan servicers for discharge.
  • This data was collected before two lawsuits blocked the implementation of the debt relief.

Millions of student-loan borrowers could have gotten reductions to their balances by now if lawsuits didn't block relief — and new data show just how many would have benefitted.