5 Major Updates On Biden’s Student Loan Forgiveness Initiative
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.