For Pennsylvania students, who carry among the highest average school debt, Biden's loan forgiveness announcement is welcome news
President Biden's announcement that the government will forgive as much as $20,000 of federal student debt especially good news in Pennsylvania, wh...
President Biden's announcement that the government will forgive as much as $20,000 of federal student debt especially good news in Pennsylvania, which lags only Connecticut and New Hampshire among states with the highest average student debt.Biden said $10,000 of federal debt will be forgiven for people making less than $125,000 a year. Borrowers who received Pell Grants, which are aid for low- and moderate-income families, are eligible for up to an additional $10,000 of forgiveness. In addition, the pandemic pause on federal student loan repayments will be extended a final time through Dec.