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Nearly 22 million people have already applied for student loan relief

Dover, Dell. – President Joe Biden said Friday that nearly 22 million people have applied for federal student loan relief in the week since his administration approved the government. Online application Available — more than half the number the White House considers eligible for the program.

But later Friday, a federal appeals court handed down an administrative sanction temporarily blocking Biden’s plan to cancel the loan. The Eighth Circuit Court of Appeals issued a suspension while considering motions from his six Republican-led states to suspend the program.

Delaware State University is a historically black university and the majority of its students receive federal Pell Grants. application The beta version was released last Friday. He formally announced it at the White House on Monday.

Biden’s plan calls for waiving $10,000 of federal student loans for households earning less than $125,000 a year or earning less than $250,000 a year. Anyone who received a federal Pell grant to attend college, in addition she is eligible to receive $10,000. The plan will make 20 million people eligible for full federal student debt cancellation.

Biden emphasized ease of application, No need for users to upload forms or create accounts.

“Guys, it takes less than five minutes,” Biden said. He said the “majority” of applicants can apply for relief over the phone.

It’s unclear what the appeals court’s decision will mean for the 22 million borrowers who have already applied for relief. The Biden administration had promised not to pay off the debt by Oct. 23 as it battled legal challenges, but the earliest it was expected to begin writing off the debt was mid-November.

White House spokesperson Carine Jean-Pierre said in a statement Friday night that the suspension would not prevent borrowers from applying for relief and would “review these applications and prepare to send them to loan servicers.” It does not prevent you from doing so,” he said.

“It is also important to note that this order does not reverse the dismissal of the case by the court of first instance or suggest that the case has merit,” added Jean-Pierre.

Biden accused Republicans who criticized his relief program of “their anger is wrong and hypocritical.” He added, “I don’t want to hear that from MAGA Republican officials,” who have forgiven millions of debts and pandemic relief loans. Republicans like Senator Verne Buchanan and Marjorie Taylor Green, who received loan forgiveness, and Senator Ted Cruz, who called student loan beneficiaries “lazy.”

Asked Biden, “Who the hell do they think they are?”

Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

https://www.news4jax.com/news/politics/2022/10/21/biden-nearly-22m-have-already-requested-student-loan-relief/ Nearly 22 million people have already applied for student loan relief

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