Who qualifies for student loan forgiveness under Biden’s plan? Here’s how the decision will impact some 43 million people with student loan debt nationwide.
forgiveness, following through on a key campaign promise of canceling debt for low- and middle-income borrowers.Who will get student loan forgiveness?
The plan also calls for $10,000 of loan forgiveness for all other federal borrowers, with the same income limits for individuals and families. The administration said if all eligible borrowers claim their relief, the move will provide relief for up to 43 millions borrowers, including canceling “the full remaining balance for roughly 20 million borrowers.”
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