Feb 23, 2023 - Politics

Student loan relief on hold for hundreds of thousands of Coloradans

Percentage of eligible borrowers who applied for student debt relief, by congressional district
Data: U.S. Department of Education; Map: Thomas Oide/Axios

Some 470,000 Coloradans have applied for President Biden's student debt relief program since last fall.

Why it matters: Their debt remains in limbo amid ongoing legal challenges.

By the numbers: Nearly 295,000 Colorado residents were approved for forgiveness, per new U.S. Department of Education data.

  • At least 55% of eligible borrowers in each of the state's eight congressional districts applied for or were automatically eligible for the debt relief plan.
  • Congressional District 1, which includes Denver, saw the highest share of approved borrowers, at 67%.

The big picture: Some 26 million people nationwide applied for student loan debt cancellation or had already provided enough information to the Education Department to be deemed eligible, Axios' Sophia Cai writes.

  • There was strong interest across red and blue districts during its brief open window.

What's next: The U.S. Supreme Court is expected to hear oral arguments on the student debt relief plan at the end of this month.

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