The Republicans and student loan companies to President Biden to court to stop him from relieving millions of Americans from HUGE student loan debt….
The Supreme’s won that case…
Joe Biden has NOT stopped trying and doing what he has said he would do …..
The Biden administration announced Friday it was forgiving almost $5 billion for some 73,600 student loan borrowers.
The White House said more than half, almost 44,000, of the borrowers who received student debt relief Friday are teachers, nurses, firefighters and other individuals who have been on the Public Service Loan Forgiveness program for 10 years.
The other almost 30,000 borrowers have been on an income-driven repayment program for 20 years.
With the announcement, President Biden brought up the total number of borrowers who have seen debt forgiveness under his administration to 3.7 million.
“My Administration is able to deliver relief to these borrowers — and millions more — because of fixes we made to broken student loan programs that were preventing borrowers from getting relief they were entitled to under the law,” Biden said in a statement.
In the announcement, he highlighted student loan accomplishments in his administration such as increasing federal Pell Grants, making changes to the Public Service Loan Forgiveness program and implementing the SAVE income-driven repayment option.
He also pointed out after the Supreme Court defeat of his universal student debt relief proposal, the administration has been working on another plan for mass loan forgiveness…..