President Joe Biden said Friday that nearly 22 million people have applied for federal student loan relief in the week since his administration made its online application available. He also called out critics of his relief program.
President Joe Biden said Friday that nearly 22 million people have applied for federal student loan relief in the week since his administration made its online application available — more than half of the number the White House believes are eligible for the program.
Speaking at Delaware State University, a historically Black university where the majority of students receive federal Pell Grants, Biden touted the first-week statistics since the application was beta-launched last Friday. He officially unveiled it at the White House on Monday. Biden’s plan calls for $10,000 in federal student debt cancellation for those with incomes below $125,000 a year, or households that make less than $250,000 a year. Those who received federal Pell Grants to attend college are eligible for an additional $10,000. The plan makes 20 million eligible to get their federal student debt erased entirely.
Biden highlighted the ease of the application, which doesn't require users to upload any forms or to create an account.
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