WASHINGTON DC. – The Biden-Harris Administration has released the state-by-state breakdown of how the $1.2 billion dollar SAVE plan was carried out.
The SAVE plan granting 153,000 student loan borrowers forgiveness on their loans, with millions more students hoping to have loans also forgiven.
The Biden Administration has allocated 1.2 billion dollars to this plan for those with low to middle incomes that have student debt.
For Washington, there is 2,630 approved for the early forgiveness plan under SAVE, granting just over $20 million dollars in forgiveness.
In Idaho, only 1,130 people were approved for the early SAVE plan allocating $9.2 million to borrowers.
These numbers only show a portion of the borrowers enrolled in the plan that have already received aid. There are currently around 7.5 million people enrolled in the SAVE plan, and 4 million of those have a $0 monthly payment.
In total the early SAVE plan only covered 152,880 borrowers nationwide making a small dent in the 7.5 million still hoping for aid.
To learn more about the SAVE plan click here.
