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5 Major Updates On Biden’s Student Loan Forgiveness Initiative

Posted on AllSides September 6th, 2022
From The Center

The Biden administration released significant new details last week on its plan to implement wide-scale student loan forgiveness.

Under the new initiative, millions of federal student loan borrowers will be eligible for $10,000 in loan forgiveness, or up to $20,000 if they received Pell Grants. To qualify, borrowers must earn under $125,000 per year in income, or $250,000 if they are married.

Here are the new updates that student loan borrowers should know about.

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