Biden Cancels Over $7 Billion in Student Debt , for More Than 277,000 Borrowers.br On April 12, President Joe Biden said that over 277,000 borrowers in more than br 40 states will have $7.4 billion in student br loan debt wiped out, 'The Hill' reports. .br To date, the Biden administration has canceled $153 billion in student loan debt. .br From day one of my administration, br I promised to fight to ensure higher br education is a ticket to the middle class, br not a barrier to opportunity. , President Joe Biden, via statement.br I will never stop working to cancel br student debt – no matter how br many times Republican elected br officials try to stop us, President Joe Biden, via statement.br 'The Hill' reports that Biden's loan forgiveness has largely been aimed at helping br "public service workers, those on IDR plans," .br people who've been defrauded by educational institutions and those with disabilities. .br Republican Rep. Virginia Foxx, chair of the House Education Committee, issued a statement in response to Biden's actions. .br The administration is tone deaf. br There’s no other way to put it, Rep. Virginia Foxx, chair of the House Education Committee, via statement.br We know that instead of doing its br job the administration focused br time, energy, and resources on br its illegal student loan scheme. , Rep. Virginia Foxx, chair of the House Education Committee, via statement.br And that has been frustrating, especially br since it has jeopardized the academic br journey of millions of students, Rep. Virginia Foxx, chair of the House Education Committee, via statement.br But what is absolutely maddening is br that the administration is STILL not br doing its job and instead focusing on br its student loan shenanigans. , Rep. Virginia Foxx, chair of the House Education Committee, via statement.br White House press secretary Karine Jean-Pierre said, , “We know what Republicans are going to do; we can’t br stop them from that. But it’s also not going to stop the president from acting and taking action, like he is today.