Biden has proposed canceling federal student loan debt for those who attended public or private HBCUs/MSIs for undergraduate tuition if they earn less than $125,000. The proposals would not affect private loans. Borrowers should check studentaid.gov for updates and make sure their contact info is correct. There are several ways to get loans discharged or forgiven such as borrower defense, total and permanent disability, or school closure. Borrowers can apply for borrower defense or check eligibility for other programs.