(PartiallyPolitics.com) On Friday the Biden administration released state-by-state case data on the effects of the application of the student relief program. The Biden student relief program would provide millions of Americans with up to $20,000 in student debt relief. However, the program has been so far legally challenged, with a case waiting to be heard in the Supreme Court.
The release of the state-by-state data is a response by the White House to those who have questioned the financial effects of the program. According to the information, there would be 26 million Americans in total who would either automatically or through an application be eligible for student loan forgiveness. So far, there have also been 16 million applications that have completely been approved and loan services have been informed about the student debt forgiveness of those individuals being discharged.
Originally the application, which was available on the website of the Department of Education, opened in October for less than one month. The lawsuits brought against the program had brought the application down. Two lawsuits, in particular, had been successful, which have led to the case now being brought before the Supreme Court.
California and Texas, the two biggest states, had the largest number of applications. In California 2.3 applications out of which only 1.4 million were approved and similarly in Texas 2.1 million applications with only 1.3 million approved.
The administration had reportedly said that more than 40 million borrowers would be able to seek relief from the program. While around 90 percent of the benefits would directly go to those with a yearly income of less than $75,000.
Copyright 2023, PartiallyPolitics.com