had applied or were automatically deemed eligible, and 16 million of them were fully approved.
Now, the department has released data by Congressional district — and it gave a big hint that Biden's $125,000 income cap on the relief worked as intended, ensuring that it would benefit the borrowers who need it the most. Per the department, 81% of all applications came from the bottom 80% of districts based on average income, and the bottom 80% of those districts have more borrowers eligible for relief than the top 20%.
But it's reasonable to say that Biden's relief would work as intended, targeting it to the lowest earners. Republican lawmakers and some experts have
I am still waiting for my college degree to bring me success. I have the student debt to prove it! LOL. studentloans
If we could send endless amounts of money to Ukraine; surely we can help at least to the lower income people of America!!
Really '... it's impossible to get the precise income data on the individual borrowers who applied because the department did not collect all of that information in the process.' Seems like this would have been good information to have before coming to such a conclusion.