Biden Approves $6.1 Billion in Student Debt Cancellation for More Than 300,000 Americans

Debt relief will apply to borrowers who enrolled at any of the campuses belonging to The Art Institutes.

President Joe Biden delivers remarks at the Interior Department in Washington, on March 21, 2023. Kevin Dietsch/Getty Images

President Joe Biden will forgive approximately $6.1 billion in student debt for more than 300,000 former students at The Art Institutes, the White House announced on May 1.

The debt relief will apply to borrowers who enrolled at any of the campuses belonging to The Art Institutes, a private for-profit system of art schools across the country, between Jan. 1, 2004, and Oct. 16, 2017, according to a White House statement.