{"id":1976210,"date":"2023-07-18T13:03:01","date_gmt":"2023-07-18T17:03:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-student-loan-forgiveness-education-department-reveals-which-states-have-the-most-borrowers\/"},"modified":"2023-07-18T13:06:29","modified_gmt":"2023-07-18T17:06:29","slug":"biden-student-loan-forgiveness-education-department-reveals-which-states-have-the-most-borrowers","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-student-loan-forgiveness-education-department-reveals-which-states-have-the-most-borrowers\/","title":{"rendered":"Education Department reveals states with highest number of student loan borrowers for Biden&#8217;s loan forgiveness plan."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">32<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-student-loan-forgiveness-education-department-reveals-which-states-have-the-most-borrowers%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1976210&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>President Biden&#8217;s Student\u2062 Loan \u2064Forgiveness Plan\u200c Targets California, Florida, and Texas<\/h2>\n<p>Last week,\u2063 President \u2062Joe Biden&#8217;s administration\u2062 made a renewed effort to provide billions in student loan \u2063cancellations, with the majority\u200c of affected borrowers residing \u200bin \u200cthe \u2064influential states of California, \u200dFlorida,\u200b and \u2062Texas.<\/p>\n<p>The Biden administration recently released \u2062state-specific\u2063 data on \u200c<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/when-office-perks-become-perils\/\" title=\"Office perks can turn into dangers.\">student \u200bloan forgiveness<\/a>,\u2064 following \u2062the \u2062Department\u2064 of Education&#8217;s notification \u2064to\u2062 804,000 \u2062borrowers\u2062 that their student loans would\u200b be\u200b automatically discharged, totaling $39 billion.<\/p>\n<h3>Adjustments to Repayment Plans<\/h3>\n<p>The\u2064 Department\u200d of Education announced \u200cchanges\u200b to calculating payments\u2062 for \u200bincome-driven repayment\u200d plans.\u200b These \u2063adjustments will result in \u200dreduced balances\u200c for \u2063borrowers\u2064 who have \u200cmade payments over the \u2062past 20-25 \u200dyears. Additionally, the Education Department \u2063will \u200dnow consider \u200bpartial \u200bor late \u200cpayments and deferred payments\u2063 towards the repayment\u2064 process.<\/p>\n<p>These\u200c repayment changes \u2064come after\u200d the\u200d Supreme Court\u200c rejected \u200dBiden&#8217;s plan to\u200b forgive up\u200c to $20,000 in\u2063 student \u200cloans \u200dfor \u2064borrowers \u200cearning\u200c less than $125,000. As a result, \u2064the administration \u200dis \u2064exploring alternative measures to\u2062 implement broader \u200cstudent \u200cloan relief, which is expected \u200bto be \u200ba \u200dkey\u200b focus\u200c of \u200bBiden&#8217;s\u2063 reelection campaign.<\/p>\n<p>Concerns and \u2064Legal Standing<\/p>\n<p>The $39\u2063 billion\u200d forgiveness\u2064 plan has \u200craised questions among lawmakers and officials regarding \u200bits \u2062fate, \u2064similar\u200d to \u200bthe\u2062 broader\u2064 forgiveness plan. However, experts suggest \u200cthat since Congress already authorized loan forgiveness in connection\u2063 with income-driven\u2062 repayment plans\u2063 in\u200b the\u2064 1990s, Biden&#8217;s \u2063relief plan is likely \u200con solid legal footing.<\/p>\n<p>Attorney Abby\u2064 Shafroth,\u2064 co-director \u2062of advocacy\u200d and \u2063director of \u2064the\u2062 student loan borrower assistance program \u2062at \u2064the National \u2063Consumer Law Center, emphasized that the \u200bBiden administration is \u2063legally \u200dobligated to \u2064rectify any instances where\u2063 forgiveness \u2063has\u2064 not \u200coccurred due \u200dto administrative errors.<\/p>\n<p>&#8220;This program\u200b is\u200c specifically designed \u2064for \u2063individuals\u2063 who have been\u2064 in repayment for \u2063decades,&#8221; \u200cShafroth stated.<\/p>\n<h3>State Breakdown: California<\/h3>\n<p>California has the\u2062 highest number \u2063of\u200b eligible\u2062 borrowers \u2064for\u200b <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/democrats-push-for-student-debt-forgiveness-would-cost-taxpayers-millions\/\" title=\"Democrats push for student debt forgiveness, would cost taxpayers millions\">student loan forgiveness<\/a>, with 61,890 individuals.\u200b As \u2063a\u2062 blue\u200c trifecta\u200c state, where\u2064 Democrats hold \u200dboth chambers of the legislature\u2062 and\u200d the\u200d governor&#8217;s office, \u2064California\u200c strongly supported\u200b President Biden in \u200dthe\u2064 2020 election.\u2064 By continuing \u200cto advocate \u200bfor\u2063 student loan forgiveness, \u2064Biden is\u2063 likely to\u2062 gain additional support for his 2024 reelection campaign.<\/p>\n<p>Governor \u2064Gavin \u2063Newsom (D-CA) has\u2062 been \u2064a proponent of student loan forgiveness. \u2062In\u200d March, he \u200dsigned budget \u200dbills\u2063 that \u2064included\u200d an income tax exemption \u200bfor forgiven \u2063federal \u200dstudent \u200cloans. \u2062Prior \u2064to this,\u200d California was one of \u200cseven states where residents\u200b could\u200b face a \u200dtax\u200d bill for canceled student\u2062 loans. Under\u2062 Biden&#8217;s \u200cadjusted\u200b income-driven repayment plan, California \u2063residents\u200d are\u200d eligible for $2,958.80 million in\u2064 debt relief.<\/p>\n<h3>State Breakdown: \u2063Florida<\/h3>\n<p>Florida \u200bhas 56,930 \u2062borrowers eligible\u200c for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-plans-more-student-loan-forgiveness-through-2024-election-desperate-hail-mary\/\" title=\"Biden's student loan forgiveness extends till 2024 election: A last-ditch effort.\">student loan\u200c forgiveness<\/a>, amounting to \u2063$3,036.80\u200b million \u2062in debt\u2064 relief. \u200bAs a red\u2062 trifecta state, \u2062Florida \u2062stands \u200bin contrast to California&#8217;s political landscape.<\/p>\n<p>Governor Ron\u200b DeSantis\u200c (R-FL),\u2064 who \u2064is running for president\u2063 in\u2064 2024, has\u2063 been\u200b a \u200dvocal\u2062 critic\u200c of the Biden administration&#8217;s broader student\u2064 loan \u200bforgiveness\u2064 plan, deeming\u2064 it\u2063 &#8220;very \u200cunfair.&#8221; Florida\u2063 offers two state-specific student loan relief programs \u200bfor\u200c nurses and \u2062lawyers.<\/p>\n<p>In\u2064 September \u200c2022, Governor DeSantis \u2063joined \u200c21 \u2063other Republican governors in signing\u2063 a letter urging President \u200cBiden\u200d to withdraw his \u200b<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/trump-tears-into-bidens-student-loan-plan-election-enhancing-money-grab\/\" title=\"Trump Tears Into Biden\u2019s Student Loan Plan: \u2018Election Enhancing Money Grab\u2019\">student loan plan<\/a>. During his campaign, DeSantis proposed \u200bholding universities \u200daccountable for \u200dstudents \u200cunable\u200b to repay their\u200c loans.<\/p>\n<h3>State Breakdown: Texas<\/h3>\n<p>Texas, another\u200c state \u2064with \u200ba red trifecta, has \u200b63,730 eligible borrowers for\u200c debt \u2064relief under \u200bBiden&#8217;s\u200d $39 \u2062billion forgiveness\u200c plan, \u2062totaling \u200b$3,091.80 million.<\/p>\n<p>Texas \u200doffers nine\u2064 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-student-loan-forgiveness-education-department-reveals-which-states-have-the-most-borrowers\/\" title=\"Education Department reveals states with highest number of student loan borrowers for Biden's loan forgiveness plan.\">student loan forgiveness \u2063programs\u200c targeting specific\u2062 professions<\/a>, including nurses, doctors, legal aid \u2064attorneys, teachers, and \u200cemployees\u200c in the state\u200b attorney\u2063 general&#8217;s office.<\/p>\n<p>Republican \u200dlawmakers in\u200c the Texas \u2062state legislature have introduced\u2062 several bills \u200bduring the \u200ccurrent session, \u2063aiming to expand existing policies\u200b and\u2062 create new\u2063 programs for \u200cmath and\u2063 science \u2062teachers,\u2063 attorneys \u200cin \u2063rural \u2064areas, mental health professionals, and\u200b other workers.<\/p>\n<p>For a comprehensive breakdown from\u2064 the\u200b Department of Education, <a href=\"link\">click here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden&#8217;s administration plans to distribute billions in student loan cancellations, primarily benefiting borrowers from California, Florida, and Texas. State-specific data on student loan forgiveness was released by the administration shortly after the Department&#8217;s announcement last week.<\/p>\n","protected":false},"author":1,"featured_media":1976211,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-1976210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1976210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1976210"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1976210\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1976211"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1976210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1976210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1976210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}