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

The plan is expected to benefit the majority of the more than 43 million people in the US who hold a total of $1.6 trillion in student-loan debt (Photo: Reuters) — The plan is expected to benefit the majority of the more than 43 million people in the US who hold a total of $1.6 trillion in student-loan debt (Photo: Reuters)

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4 min read . Updated: 28 Aug 2022, 07:10 PM IST Julia Carpenter, The Wall Street Journal

Millions of Americans with student debt stand to get relief

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