Following President Biden’s latest action to help 30 million borrowers access student loan debt relief, DNC National Press Secretary Emilia Rowland released the following statement: 

“Today, President Biden and Vice President Harris took another step forward in delivering on their promise to millions of Americans suffering under the burden of student debt. In the coming days, 30 million Americans will wake up to a welcome email from President Biden, alerting them that relief is on the way. While the Biden-Harris administration continues to provide life-changing support to hardworking Americans and lower costs, Republicans continue to rally against policies aimed at giving all Americans a fair shot at the American dream. The Biden-Harris administration won’t stop fighting to make higher education more affordable for all Americans – no matter how many times Republican elected officials try to stop them.”

NEW: Today, the Biden-Harris administration took the next steps in implementing proposals that would cancel student debt for 30 million borrowers.

Washington Post: “Biden kicks sweeping student debt relief plan into gear”

ABC News: “Biden, in a statement on Wednesday, said the goal is to notify borrowers of the upcoming debt relief programs in advance, so they can ‘benefit swiftly once the rules are final.’ Moving quickly to get relief out the door is sure to be important to the program’s success, given the barrage of lawsuits from Republicans on any debt relief or student loan system reform Biden has attempted so far.”

CNBC: “Check your email: U.S. government is sending notes to millions on upcoming student-loan forgiveness”

“The Biden administration is gearing up to try to forgive the student debt of tens of millions of Americans again, after the Supreme Court struck down its first effort last year.”

Fox Business: “Officials say one proposed rule that would assist this group would ‘permit automatic relief of up to $20,000 of the amount by which a borrower’s loans currently exceed what they owed upon starting repayment,’ while another would allow Secretary of Education Miguel Cardona to ‘forgive the full amount by which a borrower saw their balance grow after entering repayment if the borrower is enrolled in any Income-Driven Repayment plan and has annual income equal to or below $120,000 if they are single or $240,000 if they are a married couple that files taxes jointly.”

MarketWatch: “Millions more student-loan borrowers could see debt forgiven in latest Biden plan – no application needed”

The Biden-Harris administration has already reduced and canceled more student debt than any other administration in history.

CNN: “About 4 million people have seen their federal student debt canceled under Biden, totaling about $144 billion.”

The Guardian: “Biden launches ‘most affordable ever’ student loan repayment plan”

CNBC: “Including Wednesday’s round of relief, the Biden administration has so far excused the debt of 4.75 million borrowers, totaling $167 billion in aid. Much of that total comes from expanding the reach of and making fixes to these programs. Historically, borrowers found these aid options were hard if not impossible to navigate, and many complained they weren’t receiving the relief to which they were entitled, consumer advocates say.”

White House Fact Sheet: “President Biden will announce plans that, if finalized as proposed, would cancel up to $20,000 of the amount a borrower’s balance has grown due to unpaid interest on their loans after entering repayment, regardless of their income.”

Donald Trump wants to end all student loan forgiveness. While in office, Trump handpicked Supreme Court justices who ultimately struck down debt relief for 40 million Americans. 

CEPR: “On student debt relief, [Project 2025’s] Mandate for Leadership proposals would roll back much of what the Biden administration accomplished for student borrowers and loan-burdened public servants. Indeed, their ideal wish is that ‘there should be no loan forgiveness.’

“If the first Trump administration was any indication, a second would work to eliminate the federal tools that could help student borrowers instead of addressing the student debt crisis.”

NBC News: “Trump also attempted to cut billions from the department’s budget that would have ended subsidized student loans and the public service loan forgiveness program.”

CNBC: “Former President Donald Trump has a long record of opposing debt cancellation. Trump also sided with the Supreme Court in its ruling striking down Biden’s plan.”

Daily Mail: “Former President Donald Trump … went after President Joe Biden for his student loan forgiveness plan.”

Trump campaign press release: “Last week, the U.S. Supreme Court handed down massive wins for the American people— halting Joe Biden’s unconstitutional student loan gimmick, restoring fairness to the college admissions process, and applying the strongest safeguards to First Amendment rights in a generation. One thing is clear: these wins were only made possible through President Trump’s strong nomination of three distinguished and courageous jurists to the Supreme Court.”

Associated Press: “Education advocates say President Donald Trump’s budget contradicts his campaign pledge to make college more affordable with its proposed elimination of subsidized student loans and cuts in other programs that help students pay tuition. … When he accepted the Republican presidential nomination last year, Trump had said, ‘We’re going to work with all of our students who are drowning in debt to take the pressure off these people just starting out in their adult lives. Tremendous problem.’”