In April 2022, ED announced a payment count adjustment to address failures in administering student loans, resulting in ~$44 billion in relief for 900,000+ borrowers so far.

And we’re not done yet.

Here’s what you need to know about the payment count adjustment based on your type of loan: [🧵1/9]blog.ed.gov/2023/12/seven-… Between now and July 2024, ED is reviewing Direct & federally-managed FFEL loans to update borrower accounts. These account will be automatically updated. [2/9]

Today, the Biden-Harris Administration is launching the Saving on A Valuable Education (SAVE) plan – the most affordable repayment plan ever created.

Here’s how this plan will save millions of student loan borrowers money on their monthly payments:
[🧵 ⬇️] The SAVE Plan will calculate monthly payment amounts based on your income and family size and will protect a larger portion of your income than previous plans.

As we mark #TitleIXAt50 today, here are six #TitleIX changes ED is proposing to ensure federally funded education programs & activities are free from ALL forms of sex discrimination: [🧵⬇️] 1. #TitleIX protection from all forms of sex discrimination, including discrimination based on:
- Sex stereotypes
- Sex characteristics
- Pregnancy or related conditions
- Sexual orientation
- Gender identity

It took 42 years - 1965 until 2007 - for the student loan balance to grow to $500 billion.

It took only 6 years for the loan balance to double - to $1 trillion - in 2013.

Today FSA holds nearly $1.5 trillion in outstanding loans. $1.5 trillion is more than $10,000 of someone else's student loan debt for each and every American taxpayer... 145 million of them.