The price of knowledge What's happening to education loans in the USA? Author: Yan Veselov Editor: Zhenya Ofitserova Illustrator: Ira Grebenshchikova Infographics: Vitya Ershov Publication: December 6, 2021 During almost a year of Joe Biden's tenure as US President, the country's government has written off about $11.5 billion in student loan debt for certain categories of citizens.