Biden's Student loan forgiveness plan

Federal government would cancel up to $20,000 worth of federal student loans for millions of people.

credits: The white house

How many effected

20 million people would have zero loan balance. Approx 43 million qualify for this.

Do I qualify?

Not applicable to you if you have already paid the loans Or went to state schools.

If Married and file your taxes jointly or are a head of household? Your income should be less than $250,000

Are you eligible?

Forgiveness only applies to those earning less than $125,000

How Much?

$10,000 If you did not receive Pell Grants $20,000 If you went to college on Pell Grants

Student loan pause fruther extended till Dec 31, 2022. From Jan 2023 you need to start paying loanneed to start paying loan