Gov. Inslee: Student Debt Relief Plan

Sunday, August 28, 2022

Graphic courtesy of @POTUS on Twitter
On Tuesday, President Biden announced details for the Student Debt Relief Plan, forgiving up to $20,000 in debt for Pell Grant recipients with loans held by the Department of Education, and up to $10,000 in debt cancellation for non-Pell Grant recipients. 

This forgiveness could impact 40 million people across the nation and half a million Washingtonians, providing relief for low and middle-class borrowers.

The administration also granted an extension of the pause on federal student loan repayment through December 31, 2022. Those potentially eligible for the PSLF waiver can visit this website by October 31 to see if they qualify.

"My student loan plan makes sure working people have a shot at a college degree without the fear of being saddled with insurmountable debt," said Biden.

There are three parts to the debt relief plan:
  1. Final extension of the student loan repayment pause to Dec. 31.
  2. Targeted debt relief to low- and middle-income families.
  3. A student loan system that is more manageable for current and future borrowers.
"This is providing relief to hundreds of thousands of Washingtonians. Thank you to the Biden administration for delivering on your promise and helping to fuel the economy," said Gov. Jay Inslee.


1 comments:

Anonymous,  August 29, 2022 at 8:09 AM  

I paid my student loan. I knew when I sighned on the dotted line I would have to pay it back. Why do people who never went to college have to pay doctors and lawyers student loans. This is outrageously unfair and just a last gasp ploy by Biden to get votes at the midterm.

Post a Comment

We encourage the thoughtful sharing of information and ideas. We expect comments to be civil and respectful, with no personal attacks or offensive language. We reserve the right to delete any comment.

ShorelineAreaNews.com
Facebook: Shoreline Area News
Twitter: @ShorelineArea
Daily Email edition (don't forget to respond to the Follow.it email)

  © Blogger template The Professional Template II by Ourblogtemplates.com 2009

Back to TOP