Fact Check: Student Loan Relief
Republicans Are Lying About Student Loan Relief
Republicans are desperately lying about President Biden fulfilling his campaign promise to provide targeted student debt relief to working- and middle-class families. Here’s the truth, and then you tell us who is on the side of working families and who is on the side of the wealthy elite:
FACT: Nearly 90 percent of the benefits from President Biden’s actions will go to Americans making less than $75,000 a year, and nobody making over $125,000 will see their debt canceled.
FACT: President Biden’s actions will help borrowers who need it most. Pell Grant recipients, who primarily come from families making less than $60,000 a year, will see up to $20,000 in loan forgiveness.