The White House said Thursday that more than 26 million Americans have applied for student loan forgiveness.
The Board of regents voted to raise tuition by 32% in Los Angeles, California.
More than forty million Americans who are eligible for debt relief have already applied.
The White House expects to approve 16 million applications by the end of the week for individual borrowers to have up to $20,000 of their debt forgiven.
After an appeals court halted the program last month, borrowers won't have their debt forgiven immediately.
Biden criticized the legal attempts to deny student loan relief to Americans in a post on Thursday.
The plan for widespread student loan forgiveness has been jeopardized by a number of lawsuits. Less than two weeks ago the 7th Circuit Court of Appeals refused to block the program because it could force borrowers to pay a higher state tax rate. A coalition of six states–all led by Republicans–filed a lawsuit arguing that forgiveness could hurt their tax revenue and a judge temporarily paused the debt relief. The Supreme Court refused to block the loan forgiveness program after the taxpayers association in Wisconsin asked them to do so.
More than $1 trillion. The White House says Americans collectively owe about 45 million dollars.
In August, Biden announced a student loan relief plan that would allow $10,000 in loan cancellation for all federal borrowers who make less than $125,000 a year. According to an analysis from the Department of Education, the typical undergraduate who takes out loans grades with a large amount of student debt. According to an analysis by the Department of Education, the typical undergraduate student with loans now graduates with over twenty grand in debt.
The student loan cancellation plan of Biden was blocked by the appeals court.
The websites for student loans crashed after Biden announced debt relief.
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