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Trump pushes back on criticism of economy in contentious prime-time speech; 'A gut punch': GA small-business owner on loss of ACA subsidies; Conservationists: CO outdoor economy at risk from development; Report: MO outpaces nation on after-school meals but gaps remain.

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House Democrats gain support for forcing a vote on extending ACA subsidies. Trump addresses first-year wins and future success and the FCC Chairman is grilled by a Senate committee.

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States are waiting to hear how much money they'll get from the Rural Health Transformation Program, the DHS is incentivizing local law enforcement to join the federal immigration crackdown and Texas is creating its own Appalachian Trail.

Student Debt Erased for More Than 16,000 Washingtonians

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Monday, July 24, 2023   

Student debt relief is coming for more than 16,000 Washington state residents.

Despite the U.S. Supreme Court's decision not to allow a greater pool of people to have their student loans erased, the Biden administration announced it would forgive higher education debt for about 800,000 Americans. Qualified recipients are borrowers on income-driven repayment plans who have made payments for 20 years or longer.

Michael Meotti, executive director of the Washington Student Achievement Council, said they are largely people who would not be able to pay off their debt, or would be significantly strapped in doing so.

"This is an opportunity for them to get their affairs in order, and move ahead and be successful -- hopefully get on a path to success -- and/or releasing them from an obligation they're struggling to pay," Meotti outlined. "Instead, they'll have that income available to spend locally, in Washington."

About $777 million in student debt held by Washingtonians is eligible to be erased under the announcement. The Biden administration said it will be completed by Aug. 14.

The announcement stems from a long-standing policy to erase debt for former students who have been paying their loans off for at least two decades.

Inaccurate counting has stymied relief. According to a National Consumer Law Center report from 2021, only 32 of 4 million eligible borrowers had their debt erased under the policy.

Meotti added the Trump administration slowed the process.

"Loan forgiveness has long been a part of the landscape and in fact, was a valued and generally supported construct around the student loan world," Meotti explained.

While relief will be coming to some Washingtonians, a total of about 800,000 people across the state currently have student loan debt. They did not have to make their loan payments during the pandemic, but repayment will restart in October.


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