Higher Education Secretary Stephanie M. Rodriguez issued the following statement in response to the Biden-Harris administration announcing debt relief for 804,000 student borrowers:
“I commend the Biden-Harris administration’s decision to forgive federal student loans for the more than 800,000 borrowers left behind by historic issues in how qualifying payments for income-driven repayment plans were counted. This decision makes long overdue fixes to federal student loan programs that give hardworking Americans the credit they deserve for decades of loan payments. The change also provides much-needed relief to low-income borrowers and their families and it will benefit thousands of New Mexicans who should have been eligible for forgiveness but did not receive it. The state will continue to work toward eliminating student loan debt through our leading tuition-free college programs and generous state funded loan repayment programs.”
The full announcement from the U.S. Department of Education is available here.