SURVEY: How would Biden’s student loan forgiveness impact you?
On Wednesday, President Joe Biden announced his student loan forgiveness plan that could wipe out or reduce debt for hundreds of thousands of borrowers in Kentucky and across the U.S.
Borrowers who earn less than $125,000 a year, or families earning less than $250,000, would be eligible for $10,000 of loan forgiveness under Biden’s plan, the president announced. Recipients of Pell Grants, reserved for students with the most significant financial need, would see up to $20,000 of loan debt canceled.
In Kentucky, the decision could mean 209,400 residents would have their loans forgiven entirely, a 2021 study from the Kentucky Center for Economic Policy found. Another 406,200 Kentuckians would have a portion of their debt forgiven.
The Herald-Leader wants to hear from Kentuckians about how this will impact them.
Results from this poll may appear in a future Herald-Leader story. If you have any questions about the poll, or would like to share more of your thoughts, you can contact Higher Education Reporter Monica Kast at email@example.com or 859-334-0595.
If you are having difficulty accessing the survey, it can also be completed by clicking here.
Service journalism editor Jackie Starkey contributed to this story.