How to

apply for student



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U.S President Joe Biden's decision on forgive a portion of student loan. President take a strong legal action them. Many Americans are suffer White House National Economic council, said on friday.

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According to the report Biden said on wednesday he would forgive $20,000 in student loan debt & for borrowers who went to college on Pell Grants, & would forgive $10,000 for those student who did not receive Pell Grants.The plan applies for those who earn less than $125,000 a year.

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The plan faced some problem criticism from both Rebublicans & some democrats over its potential price tag. when some student questioned whether Biden had the legal authority to wipe away the debt unilaterally.

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Ramamurti said Biden's have based on laws passed by congress. Also said that the White House is on "very strong legal ground".First Biden intially dodged question about the price tag of the measure but now Biden estimated that it would cost $24 billon a year for the next decade.

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Before you worry about applying for student loan forgiveness under the Biden's new plan, you will sure about that here are the criteria you need to meet.

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All federal student loan holder you earn less than $ 125,000 a year & your household earns less than $250,000 a year. All student grant recipient with loans held by the Department of Education (this is required for additional forgiveness.

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Biden said an entire generation is now saddled with unsustainable debt in exchange for an attempt at least at a acollege degree.

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The load is so heavy on student if you are graduate, you have no job to the middle class life. Mr Biden said he ready a plan that affect the roughly 43 million federal student loan borrowers.

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