Big News on Student Debt Relief:

President Biden is announcing new plans to provide relief to borrowers disproportionately burdened by student debt.

If implemented, these plans would provide relief to over 30 million Americans when combined with other Administration actions.

'While loan servicers and extremists in Congress and the courts throw up barriers, Joe Biden and Kamala Harris have shown in deeds, not just words, that they have our backs.' Randi Weingarten 🇺🇦🇺🇸💪🏿👩‍🎓🟣

Read the release here: aft.org/press-release/…

Our new plans:
- Cancel runaway interest
- Cancel debt for borrowers eligible for forgiveness programs but have not yet applied
- Cancel debt for borrowers who entered repayment over 20 years ago
- And more

Visit StudentAid.gov/DebtRelief to see how these plans may impact you.

Biden is doing everything within his power to provide student debt relief:

- 4 million borrowers already helped
- 23 million eligible for more debt relief
- 10 million eligible for $5,000 in relief
- Millions more now eligible to get debt cancelled

nytimes.com/2024/04/08/us/…

President Biden has already canceled more student loan debt than any president in history.

Today, he's announcing actions that could cancel debt for 30 million hard working Americans.

There’s still more to do and I’ll keep fighting to cancel as much student debt as possible.

Completing your #FAFSA is your ticket to unlocking Pell Grants & other financial air opportunities for college. The Better FAFSA is a game changer — more students will qualify for federal student aid. Don't miss your shot, apply today! 🏀 #FAFSA FastBreak
studentaid.gov/h/apply-for-ai…

I said I wouldn't back down from using every tool at our disposal to get student loan borrowers the relief they need.

That's why today we're announcing new plans that, if implemented, would cancel student debt for millions more.

Our example of a public school teacher highlights over $6,000 in annual savings, and thanks to SAVE’s compatibility with Public Service Loan Forgiveness, 100% loan forgiveness after 10 years. 3/

President Biden and I have forgiven nearly $144B in student debt for almost 4M people. We also created the SAVE Plan to cut monthly student loan payments in half.

On SAVE Day of Action, I am urging people across the nation to apply today: StudentAid.Gov/SAVE.

Thrilled to kick off our SAVE Day of Action and announce 40 new commitments to get the word out on this program that can halve monthly payments and eliminate student debt over time. whitehouse.gov/briefing-room/…

From day one, I promised to fix broken student loan programs and make sure higher education is a ticket to the middle class, not a barrier to opportunity.

I’m not backing down.

New, from me:
Biden has forgiven $144 billion in student loan debt, and his SAVE IDR can reduce student loan debt in the long run.
Will Biden get credit for this? If Trump returns, he will roll back or undermine these debt reduction programs.
donmoynihan.substack.com/p/biden-deserv…

With President Biden' latest round of relief, more than 870,000 people have now had their student loans forgiven through the Public Service Loan Forgiveness program. This is transforming the lives of those who have dedicated their careers to helping others #PSLF afsc.me/3voFG45

Today, more than 100 times more borrowers are eligible for PSLF than there were at the beginning of the Administration. The Biden Administration is turning a promise broken under our predecessor into a promise kept.

LFG! 78,000 more public service workers are getting student debt relief.

Before President Biden, this program was broken—only 7,000 borrowers got relief.

Now President Biden has cancelled student debt for over 870,000 public servants like nurses & teachers, including 19,000 folks in MA.

This is what our Administration’s student debt relief means for millions of Americans.

Visit StudentAid.gov to learn how you can benefit from our student debt forgiveness programs.

From Day One of his Administration, President Biden vowed to fix our broken student loan system.

As of today, we have now approved nearly $138 billion in student debt relief for close to four million Americans through various actions.

Learn more at StudentAid.gov/SAVE.

This is why we keep fighting to fix the student loan system, for stories like these where a dad cleaned pools so that his daughter could go to college.

Forgiving student loan debt & making college affordable for hardworking families is the American dream.
newsweek.com/student-loan-f…

.James Kvaal kicks off negotiated rulemaking for student loan relief hardship hearing. #negreg

Watch here: cvent.me/Z80KB3?locale=…

.President Biden: “By freeing millions of Americans from the crushing burden of student debt, it means they can finally get on with their lives. They can think about buying a house, starting a business, starting a family, or saving for their family’s future.”