How Biden’s student debt relief plan will affect Mississippians

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The average Mississippian with federal student loans owes about $37,000, one of the highest average debts in the country.

The median earning for a Mississippian with a bachelor’s degree was approximately $43,500 in 2019, according to data from the Institutions of Higher Learning, while those with a graduate degree earned about $55,500. Details on how borrowers can get their loans canceled will be announced later this month. To qualify, a borrower must have taken out loans before July 2022 and made less than $125,000 in either 2020 or 2021, the Washington Post reported.

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