From day one of my administration, I promised to fight to ensure higher education is a ticket to the middle class, not a barrier to opportunity. I will never stop working to cancel student debt - no matter how many times Republican-elected officials try to stop us.
The latest relief will go to borrowers in three categories who hit certain milestones that make them eligible for cancellation. Biden's new payment plan, known as the SAVE Plan, offers a faster path to forgiveness than earlier versions.
More people are now becoming eligible for loan cancellation as they hit 10 years of payments, a new finish line that's a decade sooner than what borrowers faced in the past.
A group of 11 states led by Kansas sued to block the plan in March, followed by seven more led by Missouri in April. In two federal lawsuits, the states say Biden needed to go through Congress for his overhaul of federal repayment plans.
#biden-administration #student-loans #loan-cancellation #education-department #republican-led-challenges
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