Biden Predicts Students Will Start Receiving Relief Within Weeks

President Biden said Thursday that student debt holders will start receiving relief within weeks, demonstrating confidence that his administration will win.

“We’re going to win that case. I think in the next two weeks you’re going to see those checks going out,” Biden told Nexstar’s Washington Correspondent Reshad Hudson

The Biden administration began accepting student debt forgiveness applications on October 14, and officials have stated that processing and granting relief might take weeks.

Borrowers who are eligible will not receive actual checks. They will instead see a $20,000 reduction in their student debt balances.

The Department of Education informed borrowers eligible for automatic debt reduction not to expect debt cancellation before November 14.

A federal appeals court temporarily halted the administration's student loan forgiveness program last week while it considers a challenge from six Republican-led states.

The Biden administration faces lawsuits from Arizona Attorney General Mark Brnovich and conservative groups such as the Job Creators Network Foundation and the Cato Institute.

Biden's student loan forgiveness proposal, launched in August, promises to help millions of borrowers before federal loan payments start in January after a three-year pandemic pause.

The President made his comments during an appearance with local TV station network Nexstar Media in Syracuse, New York, to promote a new semiconductor agreement.