White House releases state-by-state student debt forgiveness estimates

Posted on AllSides September 21st, 2022
From The Center

The White House on Tuesday released a state-by-state breakdown of borrowers impacted by President Biden’s student debt forgiveness plan, which could eliminate student debt entirely for 20 million borrowers. 

About 90 percent of the expected relief will go to Americans earning less than $75,000 per year, according to a White House fact sheet. The Biden administration in August rolled out plans to forgive up to $10,000 for federal borrowers earning less than $125,000, and up to $20,000 for borrowers who meet the income criteria and received a Pell Grant during college.  ...

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