Many students at Austin Community College will benefit from the Biden administration's loan forgiveness plan.forgive student loan debtUp to $20,000 of federal student loan debt will be canceled for Pell Grant recipients. Other qualifying borrowers will have as much as $10,000 in debt forgiven. The Biden administration also extended the pause on federal loan payments through the end of 2022.
"Many of our graduates — they are going to qualify for this and they aren’t going to have any student loan debt,” she said. “And so this is just absolutely amazing.”“It really shows that the Biden administration is committed to fixing this broken system, and we’re really excited about that,” she said.
“ACC tuition has not increased in nine years but the cost of living in Central Texas most definitely has,” she said. “So our students will have more resources to continue living in Central Texas.” Harris also has concerns about the $125,000 salary cap for individuals. She said while it appears this helps people who need it most, it could create another hurdle for borrowers.
beckyfogel Bloated college administration loves free money
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