Requirements for Biden's debt relief and How to get Forgiven?

President Joe Biden declared on Wednesday that he will offer Pell Grant recipients $20,000 in debt reduction

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He will also provide $10,000 in debt relief to many other borrowers

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According to recent federal data, 43 million Americans have student loan debt totaling $1.6 trillion.

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The individual income limit for Biden's proposal is $125,000.

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