Biden: Nearly 22 million have already applied for student loan relief
President Joe Biden said nearly 22 million people have applied for federal student loan relief in the week since his administration made its online application available — more than half the number the White House estimates is eligible for the program.
Speaking at Delaware State University, a historically black university where the majority of students receive federal Pell grants, Biden touted statistics for the first week since the app’s beta launched last Friday. He officially unveiled it at the White House on Monday.
Biden’s plan provides federal student debt forgiveness of $10,000 for those with incomes below $125,000 per year or households earning less than $250,000 per year.
Those who received federal Pell grants to attend college are eligible for an additional $10,000. The plan makes 20 million eligible for full forgiveness of their federal student debt.
Biden highlighted the ease of the app, which doesn’t require users to download forms or create an account.
“Friends, this takes less than 5 minutes,” Biden said. He said the “vast majority” of applicants are able to request relief from their phones.
Biden blasted Republicans who criticized his relief package, saying “their outrage is false and hypocritical.” naming GOP lawmakers like Reps. Vern Buchanan and Marjorie Taylor Greene, who received loan forgiveness, and Sen. Ted Cruz, who called some student loan recipients “lazy.”
(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)