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…
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Share Your Student Debt Story
President Biden and the Department of Education are committed to supporting students, borrowers, and hardworking Americans. Since the beginning of this Administration, countless people across the country have shared stories on how relieving the burden of student loan debt will allow more economic security and support for themselves and their families. We want to hear…
Neera Tanden Remarks to Press on Student Debt Relief
As Prepared For Delivery: Hello everyone. Thank you for joining today’s call on new actions the Biden-Harris Administration is taking to continue to improve the student loan program through the SAVE plan and provide early forgiveness for borrowers. From Day One, President Biden has been focused on providing much-needed relief to millions of student loan…
President Joe Biden Announces $7.4 Billion in Student Debt Cancellation for 277,000 More Americans, Pursuing Every Path Available to Cancel Student Debt
New debt cancellation for borrowers enrolled in SAVE, other Income-Driven Repayment plans, and Public Service Loan Forgiveness comes on the heels of President Biden announcing new plans that could benefit tens of millions of Americans. Today, President Biden announced that 277,000 more Americans will get their student debt canceled, bringing the total debt relief approved…
Neera Tanden Remarks to Press on Student Debt Relief
As Prepared For Delivery: Good morning, everyone. Thank you for joining today’s call on new actions the Biden-Harris Administration is taking to continue to improve the student loan program. From Day One, President Biden has been focused on providing much-needed relief to student loan borrowers. The Biden-Harris Administration has approved $117 billion in targeted relief…
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…
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…
Statement from President Joe Biden on Early Student Debt Cancellation for Borrowers Enrolled in SAVE
From Day One of my Administration, I vowed to fix the student loan system and make sure higher education is a pathway to the middle class – not a barrier to opportunity. Already, my Administration has cancelled student debt for 3.6 million Americans through various actions – delivering lifechanging relief to students and families, and…
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…
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…
