Most people with federal student loans are eligible for some forgiveness, under the plan President Biden announced last month: up to $20,000 for low-income recipients of Pell Grants, $10,000 for other borrowers.
What does this mean for Marylanders?
Tisa Silver Canady founded the non-profit Maryland Center for Collegiate Financial Wellness. She says this plan moves toward addressing the failures of the federal financing system.
Plus, two graduates share their student-loan experiences.
Links:
FACT SHEET: President Biden Announces Student Loan Relief for Borrowers Who Need It Most
The Biden-Harris Administration's Student Debt Relief Plan Explained
