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Biden’s student loan forgiveness program: When will it start, who’s eligible, and how to apply?

Announced last August, plans to receive student debt relief are due in October.This hasn’t happened yet, but CNN reports that the application program is about to expireSoon, so you should stay tuned for news or watch for updates Federal Student Aid Website Because the details will be posted there first.

Pell Grant recipients and non-recipients will be able to cut $20,000 and $10,000 in student loan debt, as long as their annual income is less than $125,000 ($250,000 for married couples).In a Data for Progress poll conducted in August, 29% of students The $10,000 debt underscores the outsized impact President Biden’s decision will have on millions of borrowers.

Read our full report for more details on President Biden’s plan to cancel some of his student loan debt.

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