On HBO’s Last Week Tonight, John Oliver discussed student loans and how President Biden has delivered more student loan debt relief than any president in history.
Oliver said:
I do have some good news because while the Supreme Court struck down Biden’s big $ 400 billion plan to his credit he’s managed to get other meaningful solutions through by tweaking existing programs under his administration. He’s forgiven nearly 12 billion of debt for borrowers with disabilities and through adjustments to the Public Service Loan Forgiveness Program another 56 billion for nearly 800,000 borrowers that is significant for those benefiting from it.
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Look if you personally have student debt it’s worth knowing this administration is currently rolling out the save plan a retooled version of income driven repayment which does look promising. It lowers eligibility requirements and ensures that for anyone who borrowed less than $12,000 their debts would be wiped clean after 10 years of payments. You can go to this website to see whether you’re eligible and how much it might save you, and I’m not saying it’s perfect for a start it’ll have to be administered properly and remember these [ __ ] are still involved, but in just its first few months the safe plan has relieved a total of $1.2 billion for 150,000…
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