Who got the billions in Student Loan Debt Relief?

3 mins read

Who got the billions in Student Loan Debt Relief?

President Biden has provided billions in student loan debt relief to struggling students, the disabled and vets, despite the GOP packed Supreme Court’s opposition.

“The Biden administration has wiped out loans totaling $127 billion for 3.6 million borrowers — the biggest wave of student debt cancellation since the government began backing educational loans more than 60 years ago. Many borrowers include veterans, people with disabilities and seniors…” –  NY Times

Meet some of borrowers who measured with this StoryMap. It includes details of the number of student borrowers, people with disabilities and veterans per state. Click further and you’ll see the MAGA Senators who have packed the Supreme Court with partisans to block programs that help working Americans.

Student loan debt relief map

Understand the SAVE Plan


“The SAVE plan is an income-driven repayment (IDR) plan that calculates payments based on a borrower’s income and family size – not their loan balance – and forgives remaining balances after a certain number of years. The SAVE plan will cut many borrowers’ monthly payments to zero, will save other borrowers around $1,000 per year, will prevent balances from growing because of unpaid interest, and will get more borrowers closer to forgiveness faster. 

The SAVE plan builds on the actions the Biden-Harris Administration has already taken to support students and borrowers, including cancelling more than $116 billion in student loan debt for 3.4 million Americans.” – White House. Understand how the SAVE PLAN will improve the lives of millions of student borrowers. We break down the plan with this infographic and audio guides in both English and Spanish.

Resources

Biden’s New Student Loan Repayment Plan Is Open. Here’s How to Enroll – NY Times
How to take advantage of Biden’s new student loan relief plan – Vox
The Most Affordable Student Loan Repayment Plan Ever – WhiteHouse
Apply for an Income-Driven Repayment Plan – StudentAid

Audio guides

SAVE Plan audio guide in English
SAVE Plan audio guide in Spanish

TakeAway: Use interactive maps to show people how Democrats are delivering for them.

Deepak
DemLabs

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