Borrowers approved under SAVE plan will receive emails from President Biden
Education Department will identify eligible borrowers and cancel debt under the plan on a regular basis going forward
Administration has canceled nearly $138 billion in student loan debt in total for almost 3.9 million borrowers to date
150,000 borrowers on Wednesday as part of the White House’s aggressive push to help Americans paying back their loans.
The move means Biden has cancelled nearly $138 billion for nearly 3.9 million borrowers since he took office, despite the Supreme Court killing his plan to wipe the debts seven months ago.
Republicans and critics claim the plan is putting a huge burden on taxpayers, is unfair to the millions of Americans who didn’t get a college education and is an overreach of his authority.
Wednesday’s announcement marks the first group of borrowers to be approved for student loan relief under the Saving on A Valuable Education (SAVE) plan’s shortened repayment period and comes six months earlier than previously anticipated.
The Biden administration launched the SAVE plan after the Supreme Court last year blocked the president’s original $400 billion student loan cancelation plan in June. It is one of several alternative efforts the administration is working on to cancel student loan debt.
https://www.dailymail.co.uk/news/article-13106497/biden-student-loan-debt-forgiveness-billion.html
Lets not forget it was costing ea american $1800.00 back in nov and much more has been written off since then
See supporting article below
American workers – are YOU happy to pay $1,800 EACH to wipe the student debt of the privileged elite who’ll earn $52,000 a year? Because BRAD POLUMBO reveals that’s your bill for desperate Joe’s naked bribe for vote
h/t Coastie Patriot