BOSTON (WBZ NewsRadio) — More than one in ten Massachusetts residents are eligible for the Biden Administration's student loan relief program.
That was the word from the White House on Tuesday, which said 813,000 statewide could get at least $10,000 of federal loans forgiven. Of those, about half — 401,200 — are Pell Grant recipients, who could get $20,000 forgiven.
The loan forgiveness is no sure thing, yet. For one thing, the program is almost certain to attract legal challenges.
Individual tax filers would need to make less than $125,000 a year to qualify, and joint filers wouldn't be able to make more than $250,000.
Student loan repayments were extended by the Biden Administration again last month until January 2023, but the White House says that it will be the last extension.
WBZ's Jim MacKay (@JimMacKayOnAir) has more: