Here's what Biden's student loan relief plan means for Louisiana borrowers

Contributing sentiments towards policy:

56% : Following are key Louisiana findings from the Education Data Initiative's latest report:► $22.5 billion in student loan debt belongs to state residents.
52% :More than 650,000 Louisiana residents are carrying a combined $22.5 billion in student loan debt, according to Education Data Initiative research, though not all of those will qualify for program.
51% : Hundreds of thousands of Louisiana borrowers are eligible to have a portion of their student loan debt wiped out under a plan announced Wednesday by President Joe Biden.
47% : Student loan repayments are impacted by inflation and tuition hikes, with income not meeting demand.
45% : "There's no question that student loan debt has become an increasingly onerous burden for many," University of Louisiana System President Jim Henderson told USA Today Network.
30% : Biden's plan will cancel up to $10,000 in student debt for most borrowers and up to $20,000 for those who received Pell Grants, which are awarded to students who have shown exceptional financial need.

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