- “Working and middle-class Americans who could have up to $10,000 or $20,000 of their student debt relieved under the Biden Administration’s plan will remain under the burden of loan debt — preventing them from pursuing the dream of homeownership, saving up for retirement, or starting small businesses.”
- Last summer, the White House unveiled its controversial loan relief plan to cancel up to $10,000 of student debt for individuals who earn less than $125,000 per year or less than $250,000 for married couples.
- However, the U.S. Court of Appeals for the 8th Circuit ordered the Biden administration last month to halt canceling student loan debt after approximately 26 million Americans applied for the program.
