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. Im proud that my Administration is delivering on that promise and has already approved over $116 billion in debt cancellation for 3.4 million Americans no matter how many lawsuits, challenges, or roadblocks Republican elected officials or special interests put in our way.
When I came into office, hundreds of thousands of borrowers werent accurately getting credit for student loan payments that should have delivered them forgiveness under Income-Driven Repayment plans or were placed into forbearance by loan servicers in violation of Department of Education rules. Under…
Read the full article at: https://www.whitehouse.gov/briefing-room/statements-releases/2023/08/14/statement-from-president-joe-biden-on-student-loan-debt-cancellation-for-more-than-800000-borrowers/