President Joe Biden has officially kicked off the application process for his student debt cancellation program.
Biden promised to pursue widespread student debt forgiveness as a presidential candidate, but the issue went through more than a year of internal deliberation amid questions about its legality. His plan sparked intense debate ahead of the midterm elections, with Republicans and some Democrats saying it’s an unfair handout for college graduates.“My commitment was if elected president, I was going to make government work to deliver for the people," Biden said.
Biden on Monday said the White House has received more than 10,000 comments and calls of thanks from borrowers. Indeed, thousands took to social media to share the form, with many saying they submitted their applications with little trouble. An estimated 1 million to 5 million people will be required to provide that extra documentation, the Education Department said in a recent submission to the White House’s Office of Management and Budget.
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