Remarks on Federal Student Loan Debt Relief Efforts and an Exchange With Reporters in Culver City, California.

President Joseph R. Biden Jr. delivered remarks on federal student loan debt relief efforts in Culver City, California. He emphasized the importance of relieving Americans of their student debt so that they can pursue their dreams and engage in basic life activities without financial burden. The President discussed the SAVE Plan, which reduces the repayment burden for undergraduate borrowers to 5 percent of their discretionary income. He also announced the immediate cancellation of student debt loans for over 150,000 borrowers who have been enrolled in the SAVE Plan and have been paying student loans for as little as 10 years. The President highlighted the positive impact of student debt relief on individuals, families, and the economy as a whole. [Extracted from the article]