According to President Joe Biden, 22 million Americans applied for federal student loan relief during the first week of the program.
President Joe Biden spoke about student loan relief on Friday. This photo was taken by Laurence Kesterson.
The White House has estimated that 43 million borrowers are eligible for relief.
The loan application opened on Monday, offering federal student debt relief to borrowers who make less than $125,000 a year, as well as relief for borrowers who received grants from the federal government.
The number was announced by Biden during a speech at Delaware State University.
They think they are. Biden said of Republicans who had their loans forgiven. The intent of the loans was to be forgiven, but studies show most of the loans went to recipients who were richer than workers.
Some loan cancellation could happen as early as Sunday.
Conservative Supreme Court Justice Amy ConeyBarrett struck down an emergency request from a Wisconsin group asking to block the program and a federal district judge dismissed a lawsuit filed by six Republican state attorneys general. Republicans argue that the president's move was an abuse of power and that Biden's plan is Illegal. The Education Secretary can modify student loans during times of national emergency, according to the Biden administration. Student loan repayments are due to resume in the new year.
The Supreme Court won't stop Biden's student loan forgiveness.
A group is asking the Supreme Court to stop the student loan forgiveness plan.
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