Biden is showcasing student loan relief efforts as he campaigns in California
President Joe Biden is spotlighting his efforts to cancel billions of dollars in student debt as he ramps up his reelection campaign
LOS ANGELES (AP) — President Joe Biden is putting the spotlight on his efforts to cancel billions of dollars in student debt as he ramps up his reelection campaign.
The administration began sending email notifications on Wednesday to some of the borrowers who will benefit from what the White House has dubbed the SAVE program. The cancellations were originally scheduled to start in July, but last month the administration said it would be ready almost six months ahead of schedule, in February.
“Starting today, the first round of folks who are enrolled in our SAVE student loan repayment plan who have paid their loans for 10 years and borrowed $12,000 or less will have their debt cancelled,” Biden posted on social media Wednesday. “That’s 150,000 Americans and counting. And we’re pushing to relieve more."
