Details are still to come on President Joe Biden’s plan to forgive up to $20,000 in student loan debt.
But one thing is likely: At least a handful of unique circumstances remain for some borrowers.
In general, the plan announced Wednesday will erase the debt for those who make less than $125,000 a year or $250,000 for married couples or head of households. Pell Grant recipients are to receive up to $20,000 in relief, and other borrowers receive $10,000.
