More Than 800,000 In Massachusetts Eligible For Student Loan Forgiveness

Printed from:

By Chris Lisinski
State House News Service

About one in nine Massachusetts residents are eligible for student loan debt relief under the plan President Joe Biden outlined last month, the White House said Tuesday.

Biden’s press team published state-by-state data projecting the number of borrowers who could get thousands of dollars of student loan debt erased. In Massachusetts, the White House estimated, roughly 813,000 people meet the income requirements to receive relief, about 401,200 of whom are Pell Grant recipients. That pool of potential recipients is the 14th-highest of all states and U.S. territories, and it represents a bit more than 11 percent of the Bay State’s population.

California, the most populous state in the country, also has more residents eligible for student debt relief than any other state with about 3.55 million, according to the Biden administration. The Biden administration said it does not know the home state or territory for about 3.77 million borrowers eligible for relief.

Biden’s announcement called on the U.S. Department of Education to cancel up to $20,000 in loan debt held by federal government’s education agency for Pell Grant recipients and up to $10,000 for non-Pell Grant recipients. Individual borrowers must have an income of less than $125,000 to qualify, while married couples must earn less than $250,000.

Required student loan payments have been paused during the pandemic and are set to resume in January 2023.

The Biden administration said more details about the debt relief plan will be released in the coming weeks. 


New to NewBostonPost?  Conservative media is hard to find in Massachusetts.  But you’ve found it.  Now dip your toe in the water for two bucks — $2 for two months.  And join the real revolution.