U.S. Department of Education Announces $39 Billion Student Loan Discharge, Relief for 804,000 Borrowers The $39 billion is just a fraction of the over $116.6 billion in student loan forgiveness the Biden administration approved. Previous Article Get Two Multitasking Keyrings for the Best Price Online Here at Just $79.99 Next Article This 'Star Wars' Ornament Is the Most Ridiculous (and Amazing) Thing We've Seen: 'Take My Wallet'