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11 January, 2024

Who got the billions in Student Loan Debt Relief?

icon SAVE Plan,Student Loan Debt Relief
Where did the the billions in student debt relief from the Biden-Harris administration go?

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

Mapping where the Student Loan debt relief helped the most

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.

How President Biden is providing Student Loan Debt relief

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.

DISCLAIMER: ALTHOUGH THE DATA FOUND IN THIS BLOG AND INFOGRAPHIC HAS BEEN PRODUCED AND PROCESSED FROM SOURCES BELIEVED TO BE RELIABLE, NO WARRANTY EXPRESSED OR IMPLIED CAN BE MADE REGARDING THE ACCURACY, COMPLETENESS, LEGALITY OR RELIABILITY OF ANY SUCH INFORMATION. THIS DISCLAIMER APPLIES TO ANY USES OF THE INFORMATION WHETHER ISOLATED OR AGGREGATE USES THEREOF.

President Biden fights for Student Debt Relief
President Biden provides student debt relief
Republicans hate student loan programs that help the middle class.
Biden offers relief for students, seniors and working Americans
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