Medford Students and Former Students: DEBT RELIEF from the President: If his plan survives legal challenges that are almost certain to come, it could offer a windfall to a swath of the nation in the run-up to this fall’s midterm elections. More than 43 million people have federal student debt, with an average balance of $37,667, according to federal data. Nearly a third of borrowers owe less than $10,000, and about half owe less than $20,000. The White House estimates that Biden’s announcement would erase the federal student debt of about 20 million people.https://www.bostonglobe.com/2022/08/24/business/student-loan-borrowers-await-biden-plan-debt-forgiveness/?s_campaign=breakingnews:newsletter
3:12 pm 8-24-22 stats
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