© 2023 254 North Front Street, Suite 300, Wilmington, NC 28401 | 910.343.1640
News Classical 91.3 Wilmington 92.7 Wilmington 96.7 Southport
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
We are experiencing technical issues with our transmitter. We apologize for the inconvenience!

For these former students, student debt forgiveness will be life-changing

Students from George Washington University wear their graduation gowns outside of the White House in Washington, DC, on May 18, 2022. (Stefani Reynolds /AFP via Getty Images)
Students from George Washington University wear their graduation gowns outside of the White House in Washington, DC, on May 18, 2022. (Stefani Reynolds /AFP via Getty Images)

The Biden administration released a student debt forgiveness program, a plan that applies to former students who took out federal loans. Under the program that takes effect in January, eligible students will have between $10,000 and $20,000 of debt wiped out. Of course, there are critics — the Republican National Committee has called it a “bailout for the wealthy;” others argue it’ll fuel inflation.

Yet for millions of students and former students, it means relief. Among them are Orlando, Fla. resident John Palm and Baltimore, Md. resident Joe Hamilton. They join Here & Now‘s Jane Clayson to talk about what the debt cancellation will mean for them.

This article was originally published on WBUR.org.

Copyright 2022 NPR. To see more, visit https://www.npr.org.

Tags