Context: Biden is canceling $7.4 billion in student debt for 277,000 borrowers. Here's who is eligible.
There are three distinct pieces that have to come to fruition for this to Resolve YES:
$3.6 billion for 206,800 borrowers enrolled in the SAVE plan
$3.5 billion for 65,700 borrowers in income-repayment plans
$300 million for 4,600 borrowers through Public Service Loan Forgiveness (PSLF)
If Republicans/ courts successfully nullify 1-2 of these three plans, this will Resolve to a percent, likely by dollars forgiven.
Relevant, from the article:
In two separate lawsuits, Republican attorneys general in 18 states are pushing to have the SAVE plan tossed and to halt any further student debt cancellation. They say the SAVE plan oversteps Biden's authority and makes it harder for states to recruit employees. They also contend the plan undermines a separate cancellation program that encourages careers in public service.
1,000
1.00