In A Flash

White House counts 608,000 in Louisiana eligible for student debt relief

By: - September 20, 2022 6:03 pm
Tulane students on campus

Tulane students make their way through campus on move-in week for the 2021 fall semester. (Photo by JC Canicosa/Louisiana Illuminator)

According to the White House, 608,000 Louisiana residents – or a 13% of the state’s population – will be eligible for student debt relief.

Of that number, about 608,000 are eligible for $10,000 in federal student loan forgiveness, including  435,000 eligible for $20,000 in loan forgiveness. The increased forgiveness is for students who received the Pell Grant, which serves economically disadvantaged students.

To be eligible for debt forgiveness, borrowers need to earn less than $125,000 per year, or $250,000 as a couple. According to the U.S. Census Bureau, the median household income in Louisiana is about $50,000.

The application for the one-time debt relief is expected to open in early October.

The Biden administration expects 40 million Americans to eligible for the debt relief, with about half of those having their entire debt forgiven, according to the press release from the U.S. Department of Education.

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CORRECTION: This story and its headline originally included an incorrect total for the number of people eligible for student debt relief in Louisiana. 

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Piper Hutchinson
Piper Hutchinson

Piper Hutchinson is a reporter for the Louisiana Illuminator. She has covered the Legislature and state government extensively for the LSU Manship News Service and The Reveille, where she was named editor in chief for summer 2022.