What Biden's loan forgiveness really means for many student loan borrowers

Contributing sentiments towards policy:

53% : Many Americans who struggle with student loan debt have been waiting for an announcement on broad-scale student loan forgiveness and an extension of the federal student loan payment pause.
53% : Here's what this forgiveness could mean for many borrowers, and what you can do if you have more than $10,000 or $20,000 in student loan debt.
52% : However, the majority of people with student loan debt have balances of more than $10,000.
51% : About 15% of Americans have student loan debt, according to the Urban Institute.
50% : But some borrowers may still be able to qualify for other forgiveness programs, including:Refinancing student loans can lead to a lower interest rate or smaller payment amount.
43% : The program announced Wednesday will give borrowers who received Pell Grants up to $20,000 in debt cancellation and up to $10,000 for federal student loan borrowers who didn't receive Pell Grants.

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