All your questions about applying for student-loan forgiveness answered

Contributing sentiments towards policy:

59% : Student-loan forgiveness only applies to student loan balances you had before June 30, 2022.
48% : Millions of federal borrowers are eligible for $10,000 in student loan cancellation, $20,000 if you received a Pell Grant.
46% : Your parents' income must meet the income requirements of $125,000 a year or less for individuals, and $250,000 a year or less for married couples filing taxes jointly.
45% : To receive a non-filing letter from the IRS, fill out Form 4506-T.You will not have to pay federal tax for any student-loan relief, however, seven states may tax your student-loan forgiveness as income:If you want to opt out of debt relief for tax purposes or any other reason, call your student loan servicer by phone or email to let them know that you don't want to receive one-time relief under Biden's plan.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.