[Wsssc] Student Debt Relief

[Joe Holliday]

Colleagues: here is a succinct summary of President Biden's student debt relief plan, FYI. Joe

[The Biden Administration's Student Loan Debt Plan:  Forgiving debt: $20,000 if you went to college on Pell Grants $10,000 if you didn't receive Pell Grants  Forgiveness only applies to those earling less than $125,000  Student loan pause extended one final time through Dec 31, 2022  Payment based on income: If you have undergraduate loans, you can cap repayment at 5% of your monthly income.]

Joe

[Compass]
Joe Holliday
Director, Student Services
Washington State Board for Community and Technical Colleges
jholliday at sbctc.edu<mailto:jholliday at sbctc.edu>* o: 360-704-4334 * f: 360-704-4418
sbctc.edu<https://www.sbctc.edu/> * Twitter: @SBCTCWashington<https://twitter.com/SBCTCWashington> * Facebook: @WASBCTC<https://www.facebook.com/wasbctc/>

SBCTC Vision:

"Leading with racial equity, our colleges maximize student potential and transform lives within a culture of belonging that advances racial, social, and economic justice in service to our diverse communities."


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