Today, my Administration is canceling student debt for 277,000 more people, bringing the total number of Americans who have been approved for debt relief so far under my Administration to 4.3 million borrowers through various actions. These 277,000 borrowers are enrolled in my Administration’s SAVE Plan, or were approved for relief because of fixes we…
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Statement from President Joe Biden on Nearly $5 Billion in Additional Student Debt Cancellation for 74,000 Borrowers
Today, my Administration approved debt cancellation for another 74,000 student loan borrowers across the country, bringing the total number of people who have gotten their debt cancelled under my Administration to over 3.7 million Americans through various actions. Of the 74,000 borrowers approved for relief today, nearly 44,000 of them are teachers, nurses, firefighters and…
Remarks by President Biden on His Student Loan Debt Relief Plan for Tens of Millions of Americans| Madison, Wisconsin
Madison Area Technical CollegeMadison, Wisconsin 1:26 P.M. CDT THE PRESIDENT: Hello, Wisconsin. (Applause.) Hello, hello, hello. Please, have a seat if there is — you have one. (Laughter.) Gov, thank you. Thank you for that nice introduction. And thank you, Ashley, for tha- — introducing me and sharing your story. I, like an awful lot…
The Economics of Administration Action on Student Debt
Higher education financing allows many Americans from lower- and middle-income backgrounds to invest in education. However, over the past 30 years, college tuition prices have increased faster than median incomes, leaving many Americans with large amounts of student debt that they struggle or are unable to, pay off. Recognizing the burden of this debt, the…
President Biden Announces an Additional $9 Billion in Student Debt Relief for 125,000 Americans
President Biden has long believed that college should be a ticket to the middle class, not a burden that weighs on families. That’s why from day one, his Administration has taken unprecedented steps to fix the broken student loan system, make college more affordable, and bring the promise of higher education in reach for more…
Neera Tanden Remarks to Press on SAVE Congressional District Data
As Prepared For Delivery: Good afternoon, everyone. President Biden believes that college should be a ticket to the middle class—not a burden that weighs down families for decades. That’s why from Day One, he has been working to make college more affordable, fix the broken student loan system, and deliver relief to student loan borrowers.…
Remarks by President Biden on the Saving on a Valuable Education Plan | Culver City, CA
Culver City Julian Dixon LibraryCulver City, California 1:18 P.M. PST THE PRESIDENT: Thank you, thank you, thank you. (Applause.) Well, Dr. Saint-Paul, thank you very much for that introduction. But, you know, you’re — you’re like thousands of others who — who took out loans for undergraduate school and graduate school and — because you…
Statement from President Joe Biden on Student Loan Debt Cancellation for More Than 800,000 Borrowers
On Day One of my Administration, I promised to fight for hardworking families and to fix problems in the student loan system that have been failing borrowers for too long. I’m proud that my Administration is delivering on that promise and has already approved over $116 billion in debt cancellation for 3.4 million Americans –…
FACT SHEET: President Biden Is Taking Action to Lower Costs for Families and Fight Corporate Rip-Offs
President Biden is fighting to lower costs for American consumers—and he is taking action to address corporate price gouging. Congressional Republicans have no plan to lower costs for Americans and have instead proposed giveaways to the wealthy, big corporations, and Big Pharma that will increase the cost of prescription drugs, utility bills, health insurance premiums,…
Statement from Vice President Harris on Biden-Harris Administration’s new SAVE Plan for Student Loan Repayment
Every American deserves the opportunity to pursue a college education without the burden of unmanageable student loan debt. President Joe Biden and I are committed to delivering relief to student loan borrowers. Today, we are announcing the new SAVE Plan – a new repayment plan that will save the typical borrower around $1,000 a year. Tens of millions of Americans…
