Biden just canceled $1 billion in student loan debt. Are you eligible? : https://www.msn.com/en-us/money/personalfinance/biden-just-canceled-1-billion-in-student-loan-debt-are-you-eligible/ar-BB1eLENj?ocid=msedgntp My Comment : There's $1.7Trillion in student loan debt. Guess who's paying for all of the bailouts. Excerpt: The Biden administration will wipe away around $1 billion in student loan debt for borrowers who said they got ripped off by their schools.