Statement from President Joe Biden on Early Student Debt Cancellation for Borrowers Enrolled in SAVE | The White House
www.whitehouse.gov
From Day One of my Administration, I vowed to fix the student loan system and make sure higher education is a pathway to the middle class – not a barrier to opportunity. Already, my Administration has cancelled student debt for 3.6 million Americans through various actions – delivering lifechanging relief to students and families, and…

“Borrowers who may be eligible for early debt cancellation to sign up for the SAVE plan at studentaid.gov,” a statement by the White House says.

    • HumbleFlamingo@beehaw.org
      13·
      11 months ago

      They’re doing it in small chunks to make it harder for the Republican’s to block it. I think the total is above $120 billion forgiven at this point out of the $400 billion target. Couple hundred million here, few billion there. They’ve been doing a lot better than most people understand at getting it done as best they can.

    • Sharpiemarker@startrek.website
      10·
      11 months ago

      Probably because Republicans in Congress have been stonewalling the president’s student debt forgiveness. He’s been forced to lower the amount and the scope of the debt forgiveness several times.

      • Midnitte@beehaw.org
        2·
        11 months ago

        Indeed, I’m curious how they came to that specific number, though, and what they might plan for the future…

        • HumbleFlamingo@beehaw.org
          4·
          11 months ago

          I think it’s just a bunch of people reading through all of the laws and looking for any way it can be forgiven without congress, and without the SCOTUS.