More than 150,000 borrowers are receiving emails from Joe Biden stating that all or part of their “federal student loans will be forgiven.»
Politico reported that on Wednesday, the Biden administration was set to blast out emails to some 153,000 loan borrowers, who will see $1.2 billion transferred out of their collective debts under his Saving on a Valuable Education (SAVE) plan.
In the letter, the politically vulnerable president takes credit for the “forgiveness” in the first sentence.
“Congratulations—all or a portion of your federal student loans will be forgiven because you qualify for early loan forgiveness under my Administration’s SAVE Plan,” the email, published by Politico, reads.
“From day one of my Administration, I vowed to fix student loan programs so higher education can be a ticket to the middle class—not a barrier to opportunity,” the letter states. Biden adds he hopes “this relief gives you a little more breathing room.”
The document includes the phrase “SHARE WHAT THIS RELIEF MEANS TO YOU,” which links to a studentaid.gov page that is not yet accessible.
“The borrowers receiving relief are the first to benefit from a SAVE plan policy that provides debt forgiveness to borrowers who have been in repayment after as little as 10 years and took out $12,000 or less in student loans,” the White House stated in a press release.
