Posted in Web Biden Student Loan Forgiveness Means 3 Things For Your … October 5, 2021 Student Loans. In the past week, Biden has cancelled $6.8 billion of student loans.This brings his total student loan cancellation to more than $9 billion since becoming president in January. https://www.forbes.com/sites/zackfriedman/2021/08/28/3-things-bidens-student-loan-cancellation-means-for-your-student-loans/