JERSEY CITY, N.J. U.S. Senator Bob Menendez (D-N.J.) today issued the following statement on the Biden Administrations ongoing student debt relief efforts:
Earlier this month, President Biden announced student debt discharges would begin for 804,000 borrowers, including 17,290 in New Jersey, who qualify for $39 billion in student debt relief because of fixes the Administration has made to income-driven repayment (IDR) plans. These changes are a direct result of efforts several of my Democratic colleagues and I have led in Congress, urging the President to provide borrowers who despite making years of qualifying student loan payments were being denied rightfully earned relief due to administrative errors, servicer issues, red tape, or…
Read the full article at: https://www.menendez.senate.gov/newsroom/press/sen-menendez-statement-on-the-biden-administrations-ongoing-student-debt-relief-efforts