From Day One of my Administration, I vowed to fix the student loan system and make sure higher education is a pathway to the middle class – not a barrier to opportunity. Already, my Administration has cancelled student debt for 3.6 million Americans through various actions – delivering lifechanging relief to students and families, and…

Starting next month, borrowers enrolled in SAVE who took out less than $12,000 in loans and have been in repayment for 10 years will get their remaining student debt cancelled immediately.

  • AA5B@lemmy.world
    21·
    6 months ago

    I used to think that as well: how does this help when it’s such a low amount. However that means it helps more people and it means proportionally more help who needed loans for even community college or public universities.

    Those of us fortunate enough to have reason for larger loans to be manageable don’t get proportionally the same benefit but that’s only fair