Biden: 22 million Americans have applied for student debt forgiveness
What he said: "In less than a week, close to 22 million people have already given us the information to be considered for this life-changing relief," Biden said.
- "It's about as easy to apply as signing up while hanging out with your friends or at home watching a movie," Biden said, adding that the majority of people signed up using mobile devices.
- He said the relief plan aims "to give everybody a little more breathing room."
Student loan relief plan details
- More than 40 million Americans are eligible for relief under the administration's plan.
- Borrowers need to apply by mid-November to receive the relief before student payments begin again on Dec. 31, 2022.
- Relief is expected within six weeks for most borrowers.
Challenges to Biden's student loan forgiveness plan
Zoom out: The president's student loan forgiveness plan has faced legal challenges since its announcement — and seen some significant wins.
- Supreme Court Justice Amy Coney Barrett on Thursday rejected a conservative Wisconsin tax group's request to block the forgiveness plan. Barrett did not comment, Axios reports.
- A federal judge in the Eastern District of Missouri on Thursday denied a Republican-led states bid to block the student loan forgiveness plan.
Democrats and Republicans running for office in battleground states have challenged the forgiveness plan to try and win over their respective voters.
- While Biden hopes the plan mobilizes young voters, there's worry Republicans will use the plan to demonstrate that Democrats are not trying to stop inflation, Axios' Josh Kraushaar writes.
This story has been updated with additional details.