President Joe Biden said Friday that 22 million Americans applied for federal student loan relief during the first full week the debt forgiveness application was online, as his administration fends off legal battles attempting to halt the program.
The 22 million figure represents more than half the 43 million borrowers the White House estimates to be eligible for relief.
The loan application formally opened Monday following a beta test over the weekend, offering $10,000 in federal student debt relief to borrowers making less than $125,000 a year and $20,000 in relief for those borrowers who received Pell Grants.
Biden announced the number during a speech at Delaware State University on Friday, where he slammed Republicans who have criticized the student loan forgiveness plan yet had the Covid-era Paycheck Protection Program loans forgiven under the CARES Act.
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