12 million student-loan borrowers could benefit from Biden's debt cancellation in the districts of the House Republicans who urged the Supreme Court to strike the relief down
- 128 House Republicans filed an amicus brief to the Supreme Court opposing student-debt relief.
- New data found that nearly 12 million borrowers in their districts would benefit from the relief.
The Education Department just released the most comprehensive look yet into how many student-loan borrowers would benefit from debt relief, and where they live.
On Friday, the department unveiled data showing the breakdown of student-loan borrowers who applied, and were deemed eligible, for President Joe Biden's up to $20,000 in debt relief by congressional district. This is the most detailed breakdown to date and sheds light on the number of borrowers that would benefit from Biden's relief in the districts led by Republican lawmakers seeking to block the plan.
Over the past few weeks, 128 House Republican lawmakers filed an amicus curiae brief to the Supreme Court ahead of oral arguments on February 28 urging it to strike down Biden's debt relief. An analysis of the new data from advocacy group Student Borrower Protection Center (SBPC) shows that nearly 12 million student-loan borrowers are eligible for the relief, over 7 million applied or auto-enrolled, and over 4 million of them were approved before the lawsuits blocked the department from processing any new applications.
Here are breakdowns of some of the most vocal opponents of debt relief:
- North Carolina Rep. Virginia Foxx, chair of the House education committee: 122,000 borrowers eligible; 29,700 borrowers fully approved
- New York Rep. Elise Stefanik, member of House education committee: 156,200 borrowers eligible; 37,700 borrowers fully approved
- Indiana Rep. Jim Banks, member of House education committee: 153,300 borrowers eligible; 36,400 borrowers fully approved
- Kentucky Rep. James Comer, chair of the House oversight committee: 133,600 borrowers eligible; 32,400 borrowers fully approved
- Ohio Rep. Jim Jordan, chair of the House judiciary committee: 156,200 borrowers eligible; 37,300 borrowers fully approved
Additionally, SBPC's analysis alongside the release of the data further broke down the impact of relief for borrowers in the six Republican-led states that filed one of the lawsuits to block student-debt relief: Arkansas, Iowa, Kansas, Missouri, Nebraska, and South Carolina.
The leaders of those states argued that canceling student debt would hurt their states' tax revenues, along with the revenue of Missouri-based student-loan company MOHELA. SBPC's analysis found that in each of those states' major cities, tens of thousands of borrowers would benefit from relief.
For example, in Kansas City, Missouri, 118,000 student-loan borrowers would get over $575 million in relief based on data from the Federal Reserve Bank of Philadelphia and the US Census Bureau. And in Charleston, South Carolina, 41,000 borrowers would benefit from $216 million in relief.
"As long as partisan politicians continue opposing the will and best interests of the people they are bound to represent, these borrowers' financial futures will be at risk," the SBPC analysis said.
As the Education Department has previously said, over 40 million borrowers in total would qualify for Biden's debt relief, and of the 26 million borrowers who applied for the relief before the online application closed in October, 16 million of them had been fully approved.
But Republican lawmakers have continued to be on the offense: on Thursday, a group of them reintroduced a bill to end the student-loan payment pause and block Biden from canceling student debt in connection with a national emergency, and the GOP House Budget Committee proposed the same thing last week as part of its proposed budget cuts.
See the full breakdown of data by district here: