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Chicago Sun-Times
Chicago Sun-Times
National
John Vukmirovich

A plan to avoid student loan debt, the old-school way

Joe Biden CTA Loop
Students walk through campus at the University of Illinois Chicago, hours after President Biden announced his long-awaited student loan relief plan on Aug. 24, 2022. (Ashlee Rezin/Sun-Times)

Last summer, President Joe Biden announced a student loan debt relief program that could potentially alleviate the financial burden carried by millions of federal, not private, borrowers.

Depending on their income and whether they received a federal Pell Grant or not, a student borrower could have $10,000 to $20,000 in loan forgiveness. A Republican-led challenge, however, has Biden’s plan is on hold, awaiting a decision by the Supreme Court.

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