Thousands in CT to benefit from Biden's student loan debt relief plan

Contributing sentiments towards policy:

61% : Biden said his administration will also extend the freeze on student loan repayments and interest accrual for another four months, until Dec. 31.
53% :More than 45 million people across the U.S. hold a total of about $1.6 trillion in student loan debt.
53% : In Connecticut, 13.8% of its residents have student loan debt.
52% : There are 497,700 borrowers that have about $17.5 billion in student debt, according to the Education Data Initiative.
46% : Some members of Connecticut's congressional delegation have been working on the issue of addressing student loan debt for years.
43% : "I have heard from constituents who cannot afford to buy homes, start families, or buy their basic necessities because of crushing student loan debt, and that is why I have called on the president to take this action," Rep. John Larson, D-1st District, said in a statement.
41% : Biden's decision fulfills a promise he made during the 2020 presidential campaign to cancel a portion of student debt.
41% : It'll apply to individuals who earned less than $125,000 a year during the pandemic, or under $250,000 for married couples who jointly file taxes.
27% : Biden had been skeptical of his authority to unilaterally forgive large amounts of student debt without Congress.

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