Some 16 million applications for student debt relief will be approved by this week, provided the White House plan survives court challenges, President Joe Biden said Thursday.
Almost 26 million people have applied for up to $20,000 in debt forgiveness since the White House launched the student loan forgiveness application on Oct. 17, Biden said in a series of tweets. Of those applications, a total of 16 million will have been pre-approved by the end of this week.
“That’s 16 million Americans, so far, who should be seeing student debt relief in the coming days,” Biden said. “But that relief is on hold — because Republican elected officials are doing everything they can to deny it, even to their own constituents.”
Biden plans to speak on debt relief on Thursday at Central New Mexico Community College in Albuquerque. Biden is highlighting the issue, popular with the younger voters Democrats need to motivate, just days ahead of key midterm elections that will determine control of both houses of Congress and the fate of Biden’s legislative agenda.
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Biden Says 16 Million Near Student Debt Relief as GOP Fights Aid
Almost 26 million people have applied for up to $20,000 in debt forgiveness since the White House launched the student loan forgiveness application on Oct. 17, Biden said in a series of tweets. Of those applications, a total of 16 million will have been pre-approved by the end of this week.
“That’s 16 million Americans, so far, who should be seeing student debt relief in the coming days,” Biden said. “But that relief is on hold — because Republican elected officials are doing everything they can to deny it, even to their own constituents.”
Biden plans to speak on debt relief on Thursday at Central New Mexico Community College in Albuquerque. Biden is highlighting the issue, popular with the younger voters Democrats need to motivate, just days ahead of key midterm elections that will determine control of both houses of Congress and the fate of Biden’s legislative agenda.
Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm
Subscribe to our newest channel Quicktake Explained: https://bit.ly/3iERrup
Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world.
To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app.
Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30
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