President Biden's plan to cancel up to $20,000 in student loans will impact people in different ways, but for some, it will have no impact at all.Almost 40% of Ohioans who attended college can expect to have at least a portion of their student loan debt forgiven under President Joe Biden’s student debt relief plan, the White House announced Wednesday.1.
. Under the administration's plan, about 1,677,800 Ohioans will be eligible to have up to $10,000 struck from their student loan debt. Roughly 1,085,700 or so Ohioans who are Pell Grant recipients are eligible for an additional $10,000 to be forgiven from their student debt.to low- and middle-income student loan borrowers.
About 22% of Ohioans with student loan debt owe somewhere between $20,000 to $40,000. Just 1.6% owe more than $200,000 according toOhioans are more likely to have outstanding student loan debt than people almost anywhere else in the U.S. About 15% of Ohio residents have student loan debt, second only to the District of Columbia, where more than 16% of residents owe student loans.
Apart from debt forgiveness, the administration's plan extends the student loan repayment pause one final time through December and proposed a new income-based repayment plan meant to reduce the cost of monthly payments.
In other news; OSU raises tuition by 10%
I rather have “some” of the taxes I pay towards student loan forgiveness than tax break for millionaires…
Imagine that.🙄
Rewarding deadbeats for being deadbeats. Biden's America!
What if I as a taxpayer say - I’m not contributing? I paid for my two boys tuition, I’m not paying any more.
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