How to qualify for Biden's new student loan forgiveness plan

In an effort to addressing growing student loan debt levels, President Joe Biden announced his plan Wednesda

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which includes forgiveness for certain borrowers and extending the pandemic-related payment pause.

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The Biden administration has already canceled nearly $32 billion of the more than one- trillion dollar federal student debt

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by expanding existing forgiveness programs for public sector workers

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disabled borrowers and students who were defrauded by fraudulent schools.

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The plan applies to federal student loan borrowers.

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The Biden Administration has already saved Americans over $32 billion by cancelling student debt

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expanding existing forgiveness programs for public sector workers,

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disabled borrowers and students who were cheated out of their education.

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The Biden administration has announced that they will be covering unpaid interest for people who make monthly payments

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even if their total balance is $0 due to low income.

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