That’s in FIVE days….
Republicans may on Biden’s case about it and some paeople may want to go to court against it….
But it IS popular among those with the loans….
There are about 50 Million loan’s outstanding so Biden’s program could reach 20% of the loan people in a few days…
(The admin wants to get to 80%+)
One WOULD imagine some of them vote?
This would probably affect the American economy….
The application website “landed and handled more than 8 million applications without a glitch or any difficulty,” Biden said. He urged other Americans with federal student debt to apply for the program using the online form that is “easy, simple and fast.”
The success of Biden’s debt relief program will hinge in large part on the administration’s ability to get borrowers to apply for it. More than 40 million Americans are eligible for the debt relief program, according to the Education Department. The agency has said it expects about 81 percent of eligible borrowers will apply for relief.
“We’re going to make sure the system continues to work as smoothly as possible so that we can deliver student loan relief for millions of Americans as quickly and as efficiently as possible,” Biden said.
The debt relief program, announced in August, provides up to $20,000 of debt relief to borrowers earning below $125,000 individually or $250,000 as a couple.
On the Education Department’s application form, borrowers are required to self-certify that they meet those income requirements. The agency has said it plans to ask between 1 million and 5 million borrowers to verify their income through additional documentation, such as tax forms….