Current Events > Biden Announces More Debt Cancellation for Students

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https://www.politico.com/news/2024/02/21/biden-student-loan-borrowers-00142343

President Joe Biden on Wednesday will announce $1.2 billion of student debt relief for nearly 153,000 borrowers and hes sending emails to make sure they know whom to thank for it.

The administrations latest tranche of loan forgiveness covers borrowers who are enrolled in Bidens new loan repayment program, initially borrowed $12,000 or less and have been repaying their debt for at least 10 years.

Biden will tout the relief and his administrations broader efforts to cancel student loan debt for tens of millions of Americans during remarks in Los Angeles on Wednesday.

The White House said the event will include some of the borrowers who will benefit from the announcement as well as those whove previously had their debts canceled by Biden.

The administration says that it has now approved loan discharges totaling nearly $138 billion for nearly 3.9 million borrowers through dozens of administrative actions since coming into office.

But a challenge for the Biden reelection campaign and Democratic allies is making sure that the president gets credit for canceling that debteven as the White House explores ways to further increase the number of Americans receiving loan relief.

Congratulationsall or a portion of your federal student loans will be forgiven because you qualify for early loan forgiveness under my Administrations SAVE Plan, says the email message from Biden that the Education Department plans to send on Wednesday to the latest group of borrowers receiving loan forgiveness.

I hope this relief gives you a little more breathing room, Biden writes in the message.

The Education Department has previously sent out emails signed by Biden for some, but not all, previous rounds of debt relief. Many borrowers have posted screenshots of those emails in recent months across social media platforms.

Previewing the announcement on Tuesday, a senior administration official told reporters that the emails are an important way to communicate with borrowers, to make sure emails get opened, and to raise the profile of the benefits that were offering, and encourage more borrowers to take advantage of them.

The latest tranche of loan forgiveness is part of Bidens new loan repayment program known as the SAVE plan that the administration finalized last year. It offers lower monthly payments based on borrowers income and an easier path to getting their debts ultimately canceled after years of payments.

https://gamefaqs.gamespot.com/boards/400-current-events/80702175

Biden coming through

https://gamefaqs.gamespot.com/a/forum/7/79a86b03.jpg

emblem-man posted...

https://gamefaqs.gamespot.com/boards/400-current-events/80702175

Biden coming through

https://gamefaqs.gamespot.com/a/forum/7/79a86b03.jpg

Oops, I didn't see your topic. My bad.

Sodo I need to sign up for the new repayment stuff to qualify? Ive been on a set IDR plan for years.

Humble_Novice posted...

Oops, I didn't see your topic. My bad.

You're good fam. The more the good news is spread, the better

But not for every student. Shit president, amirite???
/s

ItsNotA2Mer posted...

But not for every student. Shit president, amirite???

yes

BlackOmnimon posted...

yes

stfu.

Good.