In a visit to Madison, Wisconsin, earlier today, President Joe Biden announced his administration’s new plans to cancel student debt. Biden stated 2 million people would have their debt canceled, and he would canceling up to $20,000 in interest for 23 million borrowers.
Biden claimed the debt cancellation would be through the SAVE Plan, stating on X, “My Administration is proposing we cancel the debts of 2 million borrowers who are eligible for debt forgiveness through the SAVE Plan, Public Service Loan Forgiveness, or other debt cancelation [sic] programs but haven’t enrolled yet. You deserve relief.”
The White House X account announced Biden’s plan, stating on X, “Big News on Student Debt Relief: President Biden is announcing new plans to provide relief to borrowers disproportionately burdened by student debt. If implemented, these plans would provide relief to over 30 million Americans when combined with other Administration actions.”
According to the StudentAid.gov/DebtRelief website, the new Biden plan proposes the following:
President Biden announced new plans to cancel student debt under the Higher Education Act. If implemented as proposed, these plans would authorize waivers to:
- Cancel up to $20,000 in interest for all borrowers who have accrued or capitalized interest on their loans since entering repayment.
- Automatically cancel debt for borrowers who would otherwise be eligible for loan forgiveness under income-driven repayment plans, like SAVE, or Public Service Loan Forgiveness but are not enrolled in those programs.
- Cancel student debt for borrowers with undergraduate loans who entered repayment at least 20 years ago and debt for graduate school borrowers who entered repayment at least 25 years ago.
- Cancel student debt for borrowers who previously enrolled in low-financial-value programs.
- Cancel student debt for borrowers experiencing hardship in their lives that prevent them from fully paying back their loans now or in the future.
These actions build off of efforts the Biden-Harris Administration has already made to cancel student debt and make loan payments more affordable, including launching the Saving on a Valuable Education (SAVE) repayment plan, which is the most affordable repayment plan ever.
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The University of Georgia is represented by the Georgia Bulldogs . The Bulldogs participate in the Southeastern Conference's (SEC) Eastern Division of the NCAA.
They play their home games in the storied Sanford Stadium in Athens, Georgia. The first season in Georgia was in 1892. In 1942, 1980, and 2021, the Georgia Bulldogs won three national championships.
The Georgia Bulldogs have additionally been crowned the National Champion in four additional seasons by at least one polling organization (1920, 1927, 1946 and 1968).
The Georgia Bulldogs are tied for second place in conference history with their 15 conference titles, including 13 SEC titles, and their 59 bowl appearances, which ranks second all-time.
In addition, the program has produced five top picks in the National Football League (NFL) draft, two Heisman Trophy winners, numerous winners of various national honors, and many others.
Longhorns football represents the University of Texas in Austin often known as Texas, UT or the Texas Longhorns. The Longhorns represent the Big 12 Conference in the NCAA Division. They play in Austin, Texas, at the Darrell K. Royal-Texas Memorial Stadium.
The Texas Longhorns are ranked third and seventh, respectively, in terms of all-time wins and win-loss records, with over 900 victories and an overall win-loss percentage of.705.
The legendary program also boasts four national titles, 32 conference titles, 100 First Team All-Americans, and two Heisman Trophy winners.
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