President Joe Biden announced on Wednesday that college graduates can get up to $20,000 in student loan forgiveness. More than half of Texas college graduates...
Texas Christian University students walk towards the Clark Hall dormitory at the Fort Worth campus, Aug. 27, 2020. Ben Torres/Special ContributorPresident Joe Biden announced on Wednesday that college graduates can get up to $20,000 in student loan forgiveness.
Roughly $120 billion of that belongs to Texans, with the average debt owed at nearly $33,000, according to theThe total cost of both four-year public and private colleges has nearly tripled since 1980, but federal support hasn’t kept up, according to a White House press release. Pell grants once covered nearly 80% of a student’s college costs, but now only cover a third.
Nearly 8 million borrowers may be eligible for automatic relief because relevant income data is already available, according to the White House’s press release.
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