The Biden administration released a breakdown of approved student loan relief applications by the congressional district on Friday.
Biden administration released a breakdown of approved student loan relief applications. (Photo: Forbes)
Approved Student Loan Relief Applications
The Biden administration’s student loan forgiveness program is still in limbo and awaits a decision from the Supreme Court. While waiting, the current administration released new data that breakdown the approved student loan relief application.
In a published article in CNN News, the Department of Education has already received 26 million student loan relief applications by the time a federal judge blocked the student loan forgiveness program. Meanwhile, the fully approved student loan relief applications were already 16 million while there were around 40 million borrowers who remain qualified for the program.
A Department of Education official said about the new data, “Across the country, in every congressional district there is a strong desire for the Biden-Harris Administration’s one-time debt relief program. In every single congressional district, at least half of eligible borrowers either applied or were deemed auto-eligible for debt relief, and that was only in the one month that the application was available before the program got blocked because of lawsuits,” according to a published report in Local Today.
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Breakdown of Congressional District Data of Approved Student Loan Relief Applications
INDEPENDENT reports that 30 percent of the borrowers already received their approved student loan relief applications before the program was blocked. An official also added that some 81 percent of all applications for relief came from the bottom 80% of congressional districts when broken down by average income.
Furthermore, the data released on Friday by the Department of Education showed a state-by-state breakdown of student loan relief applications. On the other hand, 2.3 million borrowers in California were qualified to receive approved student loan relief applications.
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