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# Biden-Harris Administration Releases State-by-State Breakdown of $1.2 Billion in SAVE Plan Forgiveness

# Biden-Harris Administration Releases State-by-State Breakdown of $1.2 Billion in SAVE Plan Forgiveness

February 23, 2024

**Contact:  **press@ed.gov

                                    -        
The Biden-Harris  Administration today is publishing a state-by-state breakdown of the nearly  153,000 borrowers who are receiving $1.2 billion in forgiveness under President  Biden’s Saving on a Valuable Education (SAVE) Plan. Servicers started  processing this forgiveness today.

  “When we talk about fixing a broken student loan  system, this is what we’re talking about,” said U.S. Secretary of Education  Miguel Cardona. “The state-by-state SAVE Plan debt forgiveness numbers we’re  announcing today not only show that President Biden’s leadership is making a  real impact on people’s lives in every state – they demonstrate that we won’t  ever stop fighting to make higher education more affordable and accessible for  more Americans.  This is that commitment in action. This is the real  deal.”

  Borrowers in every single  state across the country and territories will have their loans canceled under  this action. President Biden has emailed borrowers in all 50 states plus  territories on Wednesday notifying them that they were approved for forgiveness  and would not need to take any further action to receive relief. Servicers have  begun processing the forgiveness and borrowers will see their loans forgiven on  their accounts in the coming weeks. Moving forward, the U.S. Department of  Education will continue to identify and discharge other borrowers enrolled in  SAVE who are eligible for this forgiveness on a regular basis.

For a borrower to be  eligible for this forgiveness they must be enrolled in the SAVE Plan, have been  making at least 10 years of payments, and have originally taken out $12,000 or  less for college. For every $1,000 borrowed above $12,000, a borrower can  receive forgiveness after an additional year of payments. All borrowers on SAVE  receive forgiveness after 20 or 25 years, depending on whether they have loans  for graduate school. The benefit is based upon the original principal balance  of all Federal loans borrowed as a student to attend school, not what a  borrower currently owes or the amount of an individual loan. 

  Borrowers who believe they meet these criteria are strongly encouraged to  immediately sign up for SAVE at StudentAid.gov/SAVE. 

The state-by-state  breakdown of borrowers approved for forgiveness under SAVE can be found below:

**Borrowers Identified for Early SAVE Forgiveness by Location**

**State**

**Borrower Count**

**Amount Forgiven (in millions)**

Alabama

2,550

$20.8 

Alaska

190

$1.4 

Arizona

3,990

$33.0 

Arkansas

1,190

$8.7 

California

13,580

$114.8 

Colorado

2,530

$19.8 

Connecticut

1,600

$13.7 

Delaware

650

$5.3 

District of Columbia

350

$2.9 

Florida

12,790

$105.4 

Georgia

6,050

$49.7 

Hawaii

280

$1.9 

Idaho

1,130

$9.2 

Illinois

5,560

$43.8 

Indiana

3,330

$26.0 

Iowa

2,120

$17.3 

Kansas

1,270

$9.9 

Kentucky

2,110

$16.1 

Louisiana

2,160

$16.3 

Maine

700

$5.3 

Maryland

2,680

$22.7 

Massachusetts

2,490

$19.5 

Michigan

6,040

$47.0 

Minnesota

2,060

$14.5 

Mississippi

1,790

$13.3 

Missouri

2,780

$22.4 

Montana

300

$2.2 

Nebraska

750

$5.3 

Nevada

1,650

$13.9 

New Hampshire

490

$3.6 

New Jersey

4,180

$35.3 

New Mexico

860

$6.8 

New York

8,190

$63.4 

North Carolina

4,170

$33.3 

North Dakota

220

$1.6 

Ohio

7,540

$60.0 

Oklahoma

1,690

$12.9 

Oregon

2,220

$17.4 

Pennsylvania

5,600

$45.1 

Puerto Rico

1,060

$6.1 

Rhode Island

450

$3.4 

South Carolina

2,520

$20.6 

South Dakota

270

$1.9 

Tennessee

3,340

$25.7 

Texas

14,510

$116.6 

Utah

850

$5.8 

Vermont

190

$1.3 

Virginia

3,040

$24.6 

Washington

2,630

$20.1 

West Virginia

1,070

$8.8 

Wisconsin

1,990

$13.8 

Wyoming

150

$1.0 

All Other Locations

990

$7.4 

**Total**

**152,880**

**$1,218.1**

Data as    of Mid-February 2024

 

*The sum    of individual values may not equal the total due to rounding.*

**An Unparalleled Track Record  of Student Debt Cancellation**

  The Biden-Harris Administration has fought tirelessly  to provide borrowers the relief they have earned. In total, the Administration  has now approved debt cancellation for nearly 3.9 million hard-working  Americans totaling almost $138 billion in relief. Many of these borrowers  planned their lives and families around the promise of forgiveness through  programs such as Public Service Loan Forgiveness (PSLF). The Administration also secured the largest increase to  Federal Pell Grants in a decade and finalized new rules to protect borrowers  from career programs that leave graduates with unaffordable debts or  insufficient earnings. 

  To date the Biden-Harris Administration  has also approved:
- $56.7 billion for more than 793,000 borrowers through       fixes to PSLF.    
- $45.6 billion for 930,500 borrowers through       improvements to income-driven repayment.
- $11.7 billion for 513,000 borrowers with a total and       permanent disability.  This       includes providing automatic discharges off a data match with the Social       Security Administration 
- $22.5 billion for 1.3 million borrowers through closed       school discharges, borrower defense, and related court settlements.

The Biden-Harris Administration is  currently writing proposed regulations that would make more borrowers eligible  for loan forgiveness and this week will hold another session of negotiated  rulemaking to discuss a proposal to provide loan forgiveness for borrowers  experiencing hardship. These efforts are part of President Biden’s commitment  to finding an alternative path to student debt relief in the wake of last  year’s Supreme Court decision striking down the Administration’s original  student debt relief plan. The Department is also conducting negotiated rulemaking  on regulations that will strengthen institutional quality and program integrity  to ensure students are well served by their colleges and that the federal  student aid programs work in their best interest. 

**Additional Borrowers Enrolled in SAVE**

  There are now 7.5 million borrowers enrolled in the  SAVE Plan, of whom 4.3 million have a $0 payment. The SAVE Plan is the  most-affordable repayment plan for low- and middle-income borrowers and puts  many on a path to earlier forgiveness. 

  The SAVE Plan protects borrowers from runaway interest  and balances larger than what they originally took out. The improved  application allows for a borrower’s income to be shared with the Internal  Revenue Service so that they do not have to recertify on an annual basis 

  The Department will implement the remaining full  benefits of the SAVE Plan in July 2024, which will further reduce monthly  payments from 10 percent of a borrower’s discretionary income to 5  percent.

  Borrowers can learn more about forgiveness programs at StudentAid.gov/forgiveness. Borrowers can learn  more about the right repayment plan for their financial situation at StudentAid.gov/restart.  More information about the SAVE plan is available at StudentAid.gov/save. 
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