White House releases state-by-state student debt forgiveness estimates

  • Around 90 percent of the expected relief will go to Americans earning less than $75,000 per year.

  • States with relatively large populations, like California and Texas, have the most borrowers who meet the criteria for forgiveness.

  • The Education Department advises applying prior to November 15 for relief to occur before restarting federal loan repayments in January.

The White House on Tuesday released a state-by-state breakdown of borrowers impacted by President Biden’s student debt forgiveness plan, which could eliminate student debt entirely for 20 million borrowers.

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