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How many people will get student loan forgiveness in each state


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The White House released an analysis on Tuesday of how many people in each state could benefit from Student loan forgiveness planincludes the number of borrowers who received the Pell Grant.

According to estimates by the U.S. Department of Education, more than 3.5 million people qualify for debt cancellation in California and 3 million in Texas, north.

There is no precedent for the President’s extensive loan bailout Joe Biden announced last month, could be worth up to 1 trillion dollars. Under the action of the Biden administration, most borrowers would be eligible for up to $10,000 forfeiture if they did not. get Pell sponsorshipis a type of aid available to low-income college students and up to $20,000 if they do so.

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Higher education expert Mark Kantrowitz says most Pell Grant recipients come from families with incomes below $60,000.

Borrowers can apply for forgiveness in October, and about 8 million people could have their loans automatically cleared because the government already has their income data. The relief is limited to individuals earning no more than $125,000 a year, or households earning less than $250,000.

Representative Ayanna Pressley, D-Mass., a longtime campaigner for student loan forgiveness, said she gets emotional when she looks at the numbers. In her state, about 813,000 people will be affected.

President Biden announces plan to forgive student debt

“Behind every number, there’s a person, there’s a family, there’s a story,” Pressley said on a call with reporters about the findings.

Below is a breakdown of affected borrowers by state.



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