Center for Political Awareness

Nearly 153,000 People Enrolled in Biden’s New Student Loan Plan will get an Email Wednesday that their Debt is Canceled

Nearly 153,000 student loan borrowers will be notified that their remaining federal student loan debt will be canceled, totaling about $1.2 billion. (Click image for article.)

Photo: President Joe Biden speaks in the State Dining Room of the White House on February 13 in Washington, DC. Anna Moneymaker/Getty Images

 

Nearly 153,000 student loan borrowers currently enrolled in a new repayment plan launched by the Biden administration are expected to get an email Wednesday notifying them that their remaining federal student loan debt will be canceled, totaling about $1.2 billion.

The email is expected to include a congratulatory message from President Joe Biden, whose administration is eager to remind voters what it has done to address student loan debt as the presidential election ramps up.

“From day one of my Administration, I vowed to fix student loan programs so higher education can be a ticket to the middle class—not a barrier to opportunity,” the message reads.

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