This week, the Biden-Harris administration released state-by-state data on the estimated number of borrowers and Pell Grant recipients eligible for student debt relief - and nearly 1.1 MILLION borrowers total in New Jersey are expected to benefit from this historic loan forgiveness program.
The WH report showed that 1,082,900 NJ residents are eligible for up to $10,000 in relief and 590,300 NJ Pell Grant recipients could be eligible for up to $20,000 in debt relief.
Nationally, 90% of those who can take advantage of this debt relief program make less than $75,000. Additionally, all federal loan payments have also been kept on pause until December 31, 2022 to give borrowers additional financial breathing room as we continue the work of relieving the stress of rising costs and prices due to inflation.
I applaud the Biden-Harris administration for their efforts to make our country more economically fair and just.
— Chairman LeRoy J. Jones, Jr.
P.S. September 20th was National Voter Registration Day and our Emerging Leaders Caucus partnered up with NJ Young Democrats and the NJ High School Democrats to host several voter registration drives across the state to get young people registered in time for our midterm elections. Together, they helped register over 70 young people!
If you want to be a part of mobilizing voters with us, consider joining one of the Caucuses in our Coalitions program - you can sign up here.
Or you can join us from home at one of our weekly virtual phone banking sessions here.