The picture for student loan debt has been pretty tumultuous over the last couple of years. Borrowers will soon begin repaying their federal student loans after a forbearance period ends this month.
Maureen Amos
A new student loan debt relief plan will cancel up to $10,000 in federal loans for individuals making less than $125,000 a year. For low-income students who received Pell Grants, they can receive up to $20,000 in student loan forgiveness. According to research by Excelencia in Education, 50% of Latinos in higher education receive federal Pell Grants to help pay for college.
