Amplify: President Biden’s Student Debt Relief Leadership

BidenEducationEconomy
Written By Shelby Dewberry

On December 8th, President Biden announced another nearly $5 billion in student debt relief for more than 80,000 student loan borrowers.

President Biden said:  “This relief is thanks to my Administration’s efforts to fix Public Service Loan Forgiveness, so teachers, members of the military, nurses, and other public service workers get the relief they have earned. And it’s because of actions my Administration took to make sure that borrowers who have been in repayment for at least 20 years – but didn’t accurately get credit for student loan payments – get the relief they are entitled to.”

Highlights:

  • In total, the Administration has approved $132 billion in debt relief for over 3.6 million Americans through various actions.

  • The Biden Administration is responsible for achieving the largest increases in higher education Pell Grants in over a decade to help families who earn less than roughly $60,000 a year.

  • Biden created the most generous Income-Driven Repayment plan in history – the SAVE plan. Borrowers can go to studentaid.gov to apply.

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Shelby Dewberry
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