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. As part of that effort, my Administration has approved over $117 billion in debt relief to over 3.4 million borrowers, including over $14 billion in relief…
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FACT SHEET: President Biden Announces Key Progress on Efforts to Close the Racial Wealth Gap
Under President Biden’s leadership, the home appraisal gap—an indicator of potential racial and ethnic bias—has shrunk by more than 40% 80% of Congressional Republicans are supporting a plan that would reverse this progress, while cutting Medicare, Social Security, and the Affordable Care Act Nearly three years ago at a speech to commemorate the centennial of…
Remarks by President Biden on the Administration’s Efforts to Cancel Student Debt and Support Students and Borrowers
Roosevelt Room 1:16 P.M. EDT THE PRESIDENT: Good afternoon. Before I speak about student debt relief, I want to make — take a minute to talk about what took place yesterday in the Congress. I’ll be very brief. The House will now reorganize and select a new Speaker. I know it’s going to take some time. But I…
FACT SHEET: The Biden-Harris Administration Launches the SAVE Plan, the Most Affordable Student Loan Repayment Plan Ever to Lower Monthly Payments for Millions of Borrowers
See President Biden’s Video Announcing the Plan HERE: “Today I’m proud to announce a new program called the SAVE Plan. It’s the most affordable student loan plan ever.” Borrowers can sign up by visiting StudentAid.gov/SAVE The Biden-Harris Administration believes that education beyond high school should unlock doors to opportunity, not leave borrowers stranded with debt they cannot…
Statement from President Joe Biden on Student Debt Relief Action in Colorado
From Day One of my Administration, I promised to rebuild the middle class, and to fight for hardworking American families. Today, we are taking another significant step to deliver on that promise by canceling $130 million in debt for 7,400 student borrowers who attended CollegeAmerica in Colorado. These borrowers were lied to, ripped off, and…
Neera Tanden Remarks at the SAVE Day of Action
As Prepared For Delivery: Good morning, everyone! Thanks so much for joining us here at the White House for today’s SAVE Day of Action. From Day One, President Biden and Vice President Harris have been focused on bringing down the costs of college. And alleviating the burden of crushing student debt for tens of millions…
What They Are Reading in the States: More than 4 Million Student Loan Borrowers Enrolled in New Biden-Harris Administration SAVE Plan
Across the country, local news outlets are highlighting the number of student loan borrowers in each state who have enrolled in the Biden-Harris Administration’s new Saving on a Valuable Education (SAVE) income-driven repayment (IDR) plan. This week, the Biden-Harris Administration announced that more than 4 million student loan borrowers nationwide – thousands in each state –…
FACT SHEET: President Biden Announces New Actions to Provide Debt Relief and Support for Student Loan Borrowers
No President has fought harder for student debt relief than President Biden, and he’s not done yet. President Biden and Vice President Harris will not let Republican elected officials succeed in denying hardworking Americans the relief they need. In light of the Supreme Court’s ruling this morning, President Biden and his Administration have already taken two…
Remarks by Vice President Harris in a Roundtable Discussion on Student Debt Relief
William Cramp Elementary SchoolPhiladelphia, Pennsylvania 4:57 P.M. EDT THE VICE PRESIDENT: Let me start by thanking the leaders of William Cramp Elementary School. I was just saying to the leaders at this table that it’s such a joy to walk around a school where there is clearly so much love and dedication that the school…
FACT SHEET: Vice President Kamala Harris, Administration Officials Launch “SAVE Day of Action” to Highlight Cross-Sector Actions to Boost Enrollment in the SAVE Plan
Vice President Harris highlights: “President Biden and I know that far too many people in our nation are struggling with student loan debt. That is why we have forgiven nearly $144 billion for almost four million Americans while also creating the SAVE Plan so that millions of people can cut their payments in half or…
