West Plains, MO. – With over a sixth of Missourians feeling the weight of student load debt, most will see some relief from the Biden Administration Student Loan Forgiveness Plan. Of the roughly 833,400 Missourians with student load debt, 777,300, or 93.3%, are eligible for student debt relief according to recent information released by the White House.
Today, September 20, 2022, the White House released state-by-state data on how the Biden-Harris Administration’s plan for student debt relief will benefit borrowers in all fifty states, Washington, D.C., and Puerto Rico. Last month, President Biden announced his Administration’s plan to give working and middle-class Americans more breathing room by providing up to $20,000 in debt relief to Pell Grant recipients and up to $10,000 to other borrowers. The Biden-Harris Administration expects that over 40 million borrowers are eligible for its student debt relief plan, and nearly 20 million borrowers could see their entire remaining balance discharged.
An estimated 502,200 Pell borrowers will be eligible for student debt relief as well.
In the coming weeks, the Department of Education will release additional details on how individuals across the country can benefit from the Administration’s student debt relief plan. For more information, visit StudentAid.gov/debtrelief.
