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Student-loan forgiveness: who qualifies for Biden’s plan, and what it means for borrowers

wsj 4 min read . Updated: 27 Aug 2022, 12:05 PM IST Julia Carpenter,Gabriel T. Rubin, The Wall Street Journal
President Biden said Wednesday that his administration will forgive up to $20,000 in federal student loan debt for tens of millions of Americans. Independent estimates suggest the plan will cost more than $300 billion over 10 years (AP)Premium
President Biden said Wednesday that his administration will forgive up to $20,000 in federal student loan debt for tens of millions of Americans. Independent estimates suggest the plan will cost more than $300 billion over 10 years (AP)

Millions of Americans with student debt stand to get relief

President Biden’s student-loan plan will reduce or wipe out the debt of millions of borrowers.

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