![]() And, in the wake of the Supreme Court decision on the Administration’s original student debt relief plan, President Biden announced his Administration was pursuing an alternative path to debt relief through negotiated rulemaking under the Higher Education Act. The Administration secured the largest increase to Pell Grants in a decade, and finalized new rules to protect borrowers from career programs that leave graduates with unaffordable debts or insufficient earnings. The Biden-Harris Administration earlier this year launched the most affordable student loan repayment plan – SAVE – which makes many borrowers’ monthly payments as low as $0 and prevents balances from growing because of unpaid interest. Today’s announcement builds on all that the Biden-Harris Administration has done to make college more affordable and ensure that student loans aren’t a barrier to opportunity for students and families. Visit this link to see the state-by-state breakdown. The Department of Education is also releasing state-by-state totals of debt relief approved under the Biden-Harris Administration through fixes to IDR and Public Service Loan Forgiveness. $1.2 billion for nearly 22,000 borrowers who have a total or permanent disability who have been identified and approved for discharge through a data match with the Social Security Administration.These are borrowers who made 20 years or more of payments but never got the relief they were entitled to. Nearly $2.8 billion in new debt relief for nearly 51,000 borrowers through fixes to income-driven repayment.$5.2 billion in additional debt relief for 53,000 borrowers under Public Service Loan Forgiveness programs.The Biden-Harris Administration is announcing it has approved: Today’s announcement brings the total approved debt cancellation by the Biden-Harris Administration to $127 billion for nearly 3.6 million Americans. Marking a key step forward in that effort, President Biden is announcing that an additional 125,000 Americans have been approved for $9 billion in debt relief through fixes his Administration has made to income-driven repayment (IDR) and Public Service Loan Forgiveness, and by cancelling debt for borrowers with total and permanent disabilities. 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 Americans. President Biden has long believed that college should be a ticket to the middle class, not a burden that weighs on families. Get Involved Show submenu for “Get Involved””.The White House Show submenu for “The White House””.Office of the United States Trade Representative.Office of Science and Technology Policy.Executive Offices Show submenu for “Executive Offices””.Administration Show submenu for “Administration””.Note: This system may contain Sensitive But Unclassified (SBU) data that requires specific data privacy handling. USE OF THIS SYSTEM BY ANY USER, AUTHORIZED OR UNAUTHORIZED, CONSTITUTES YOUR UNDERSTANDING AND CONSENT TO THIS MONITORING, INTERCEPTION, RECORDING, READING, COPYING, OR CAPTURING AND DISCLOSURE. System personnel may give to law enforcement officials any potential evidence of crime found on U.S. THERE IS NO RIGHT TO PRIVACY IN THIS SYSTEM. ![]() Government, be monitored, intercepted, recorded, read, searched, copied, or captured in any manner and disclosed or used for any lawful government purpose at any time. Government and may, for the purpose of protecting the rights and property of the U.S. Government information systems is owned by the U.S. Unauthorized or improper use of this information system is prohibited and may subject you to disciplinary action, as well as civil and criminal penalties. Government information systems are provided for the processing of official U.S. Government information system, which includes (1) this computer, (2) this network, (3) all computers connected to this network, and (4) all devices and storage media attached to this network or to a computer on this network.
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