Student loan debt swelled under Biden, despite historic forgiveness

Betsy Mayotte, president of The Institute of Student Loan Advisors, a nonprofit that helps borrowers navigate the repayment of their debt, said it didn’t surprise her that the country’s loan balance still climbed.

“We’re going to continue to see that until we solve the root cause of the student loan crisis,” Mayotte said. “And the root cause is the cost of higher education.”