Statement of David M. Dworkin President and CEO, National Housing Conference on President Biden Student Loan Announcement
Today President Biden announced his plan to deliver student loan forgiveness for those who make less than $125,000. The three-part plan targets debt relief of up to $20,000 for Pell Grant recipients and up to $10,000 for non-Pell Grant recipients. “This is one of the most consequential housing policies made in this generation. Student loan debt burden is a major impediment to first time homebuyer, and will have implications for millennials, Gen Z, low- and moderate-income borrowers, and people of color” said NHC president and CEO, David Dworkin.