President Biden Accelerates Student Debt Relief with Early Implementation of SAVE Plan

The president asserted that his administration's SAVE plan has helped 3.6 million Americans by canceling their student debt.

Again, attempting to fulfill a key promise made during his 2020 campaign, President Joe Biden announced the accelerated implementation of a crucial provision under the Student Aid for Voluntary Education (SAVE) plan. The president reaffirmed his commitment to reforming the student loan system and ensuring that higher education remains a pathway to the middle class, "not a barrier to opportunity."

"From Day One of my Administration, I vowed to fix the student loan system...