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Biden plans on cancelling up to $10,000 in student loan debt for some people.

The Biden Administration has said people will be able to apply for the debt relief program in early October.

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The Biden administration says that the application to apply for student loan debt forgiveness will be accessible this month. But not all of the roughly 40 million borrowers are eligible. Danielle Douglas-Gabriel, higher

Some borrowers with privately held federal student loans are no longer eligible for debt relief if they didn’t apply to consolidate them before Sept. 29, 2022.

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President Biden unveiled his plan to cancel billions of dollars in student loan debt. It will impact millions of borrowers earning less than $125,000 a year. Roy Paul, executive director of Cents Ability,

The federal government said the application to get your loans forgiven will be released in October, but they have not yet announced a date. https://www.kare11.com/article/news/local/student-loan-forgiveness-federal-government-what-we-know/89-1090062f-8689-48c0-a931-2a16acbc939d Welcome to the KARE 11 News YouTube channel.