County students applaud loan relief
After two years at Slippery Rock University, Elizabeth Szczerbiak, a sophomore, said she’s accrued more than $20,000 in student loan debt.
For students like her, a student loan forgiveness plan is a celebrated financial change in the education system.
“I’m happy about it; it’s a step in the right direction. Student loans are a big part of the debt in this country, and a lot of people are not taking steps toward education because of the cost,” she said.
On Wednesday, Aug. 24, the Biden administration announced student loan forgiveness of up to $20,000 for the nation’s qualified students past and present.
President Joe Biden said in a news conference that students who received a federal Pell Grant will have up to $20,000 of debt forgiven, while individuals who earn less than $125,000 a year or less than $250,000 a year as a couple will have $10,000 of debt forgiven.
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