Minnesota Residents Getting Student Loan Debt Forgiven

Hundreds of thousands of Minnesota residents will benefit from President Biden’s student loan debt forgiveness plan.  More than 788-thousand Minnesota residents have student loan debt.  The average borrower owes over 33-thousand dollars.  Today, Biden announced his decision to cancel ten-thousand dollars of debt for those earning less than 125-thousand dollars per year.  Additionally, those who went to college on low-income Pell Grants qualify for 20-thousand dollars of debt relief on federal student loans.