TICAS Statement on the Biden Administration’s Student Debt and Repayment Announcements

August 24, 2022

“Today, President Biden announced that his administration will cancel up to $10,000 of debt for all student borrowers with federal undergraduate, graduate, and parent loans who earned annual incomes less than $125,000, as well as up to $20,000 of debt for borrowers whose incomes fall below those thresholds and received a Pell Grant to help them pay for college.

Statement on IDR Reform Actions

April 19, 2022

We welcome the Biden Administration’s actions to address shortcomings of the IDR system, including forbearance steering and flawed payment tracking. The plans announced today will result in immediate balance cancellation for tens of thousands of borrowers under IDR and Public Service Loan Forgiveness and additionally move millions of borrowers closer ...

Statement on White House FY23 Budget

March 28, 2022

President Biden’s fiscal year 2023 budget request, released today, proposes critical new investments in college affordability and completion. By investing in a significant increase to the Pell Grant—as well as evidence-based retention and completion strategies—and supporting HBCUs, TCCUs, MSIs, and community colleges, this budget would help millions of students ...