PUBLISHED 12:00 PM EDT Nov. 03, 2022Sixteen million Americans with student debt will soon get their application for forgiveness approved — though the cancellation won’t appear on their accounts while a legal challenge from Republican-led states plays out in court.
Nearly 26 million have applied to student loan relief so far, the White House announced Thursday, and the Department of Education has continued to accept and process applications Education officials have urged Americans to apply this fall and winter in order to have their loans potentially forgiven before federal loan payments and interest restart in January
Education officials have urged Americans to apply this fall and winter in order to have their loans potentially forgiven before federal loan payments and interest restart in January. They have been paused due to the pandemic since former president Donald Trump first implemented relief.The White House said 37% of the students at Central New Mexico Community College, where he’ll speak, are Pell grant recipients, and 54% are Latino.