WASHINGTON, D.C. â Student loan borrowers in Texas are receiving the most significant share of President Joe Bidenâs $1.2 billion student loan forgiveness plan than any other state.
According to White House data, of the $1.2 billion, Texas will see $116.6 million awarded, whereas California, with 8.5 million more residents, will receive $114.8 million in relief, a difference of over $2 million.
This is a sign that more students in the state of Texas have struggled to pay off longstanding debt.
 Student borrowers have recently begun signing up for SAVE, an income-driven repayment plan.
The SAVE plan, which can reduce monthly payments based on income, already has 7.5 million signed up.
Those eligible for the program must be enrolled in SAVE, have been making payments for 10 years or more, and have initially taken out less than $12,000 in loans.
An opponent to the plan, U.S. Rep Troy Nehls posted on X, “Joe Biden ‘canceled’ $1.2 billion in student loans while leaving American taxpayers to foot the bill. All in an attempt to gain votes,” wrote Nehls. “If you take out a loan, pay it back. I can’t believe this has to be said.”
During an event in California last week, Biden said, “While a college degree is still a ticket to a better life, that ticket is too expensive, and too many Americans are still saddled with unsustainable debt in exchange for a college degree.”
This past week, Biden emailed over 150,000 student borrowers, including 14,510 Texans, to inform them their debt has been eliminated.
Student borrowers who have not received an email are asked to check their spam folder. They can check their loan servicerâs website or log into www.studentaid.gov