Debt forgiveness can offer big relief in the right circumstances, but it won't help with all types of debt. Getty Images Whether it's sky-high credit card balances, expensive medical bills, high ...

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Student loan forgiveness was a focal point of the Biden administration's efforts to ease student debt, resulting in more than $175 billion discharged for approximately 4.8 million Americans.

The Biden administration has canceled $180 billion in student loans for nearly 5 million borrowers as of this month. This student loan forgiveness tracker explains how.