Here's everything Biden Has Done on Student Loans:
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Student loan pause extended thru at least 8/31
New PSLF waiver. 100k+ loans, $6.2B forgiven
550K PSLF borrowers closer to forgiveness
$7.8B, 400k loans forgiven for disabled borrowers through new SSI data sharing initiative
$2B for 106k loans forgiven through Borrowers Defense after criteria loosened
$1.1B forgiven for 115K students of ITT Tech through Extended Closed School Discharge
Student loan forgiveness made tax free through 2025
Removed defaults and returned all loans to good standing
Changed rules to make it easier for borrowers with student loans to qualify for a FHA mortgage
Raised maximum Pell Grant by $500
$40B in aid for universities through ARP, half of which had to go to student aid
Delayed income recertification on IDR until at least March, 2023
Don’t forget that his admin changed the policy for student loan debt & qualifying for an FHA mortgage last summer! Made it so much easier for buyers with high student debt to qualify overnight. Also made it so ppl on an Income driven repayment plan can use that payment to qualify
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I believe a Thank You President Biden is in order..💙👍
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