Dear Neighbor,
Just last week, the Biden Administration canceled another $1.2 billion in student loans—on top of canceling $5 billion in loans for teachers, nurses and firefighters last month.
The weight of student loans has long plagued Americans' financial stability. That's why I've worked with activists and borrowers in urging the president to cancel student debt. Additionally, my office has assisted many constituents in navigating their loans—already this year, we helped a constituent take on the Public Service Loan Forgiveness process and get their student loan for over $100,000 canceled.
Because of new initiatives, you may be eligible for debt cancelation. Starting this month, if you took out less than $12,000 in loans and have been in repayment for 10 years, ALL your debt will be canceled.
To access this relief and other ways to lower your monthly loan payments, enroll in the Saving on A Valuable Education (SAVE) Plan. This plan ensures no borrower making less than $15 an hour will have to make any student loan payments. Sign up for this plan today to secure this relief before your next payment is due.
Don’t forget, my office is here to help you navigate your loans and work to put money back in your pocket. Contact my office online or at (213) 481-1425 for any questions or assistance with these programs.
Let’s stay connected. I want to keep you updated on what I am working on in Congress. Stay in touch following me online at @RepJimmyGomez on all platforms.