Biden Announces Student Loan Relief: Who Need It Most?

Make the student loan program more accessible for current and future borrowers.

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To qualify for the $10,000 forgiveness, individual borrowers must earn less than $125,000 a year, or less than $250,000 a year for couples.

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According to the Education Department, about 90% of those receiving relief, and who aren’t in school, make less than $75,000 a year.

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Among eligible borrowers, 21% are 25 or younger and nearly half are between the ages of 26 and 39.

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More than a third is over 40, including 5% of who are senior citizens.

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Debt cancellation will help millions of student loan borrowers

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Debt cancellation will help narrow the racial wealth gap

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Biden Student Loan Forgiveness Plan: Check Important Things to Must Know

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