Activists have been organizing for student loan debt to be cancelled for over a decade. We finally have some relief to the burden of student debt. The Biden administration released a plan for student loan forgiveness. For individuals earning less than $125,000 there will be $20,000 forgiven for those who received pell grants and $10,000 forgiven for those that did not receive pell grants.
The application for student loan debt forgiveness is now open and closes on December 31, 2023.
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