Biden Promotes Student Loan Forgiveness Plan During New Mexico Suspension

Albuquerque, New Mexico (new nation) — President Joe Biden traveled to the western United States on Thursday as part of his final major campaign ahead of the midterm elections.

During his first stop in Albuquerque, New Mexico, Biden touted the benefits of a student debt relief plan. He will also headline a rally for Democratic Gov. Michelle Lujan Grisham, who is trying to fend off Republican candidate Mark Ronchetti.

In mid-October, the Biden administration officially Application process started It announced that millions of borrowers had already applied for loan relief during the federal government’s soft launch period because of its debt forgiveness program.

A judge temporarily halted Biden’s plans to alleviate the debt of those struggling with student loans, but Biden told NewsNation Last week, he believes the check will be mailed within a few weeks.

The program allows eligible borrowers borrowing less than $125,000 annually to receive federal student loan forgiveness of up to $10,000. Those who had Pell grants could be forgiven of up to $20,000 in debt.

Biden’s plan builds on the Higher Education Relief and Opportunities Act from 2003. This allows the Secretary of Education to release debt in the event of a national emergency.

plan critic The basis for the Debt Relief Plan is not justified because it argues that the law should not be used across the board because the COVID-19 pandemic national emergency is over.

Biden will make appearances in California, Illinois and Pennsylvania over the weekend after stopping in Albuquerque. On Monday, he’s heading to a rally in Maryland.

Associated Press and Reuters contributed to this report.

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