© 2022 WSHU
NPR News & Classical Music
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Student debt relief application opens

President Joe Biden speaks about the student debt relief portal beta test in the South Court Auditorium on the White House complex in Washington, Monday, Oct. 17, 2022. (Susan Walsh/AP)
President Joe Biden speaks about the student debt relief portal beta test in the South Court Auditorium on the White House complex in Washington, Monday, Oct. 17, 2022. (Susan Walsh/AP)

The Biden-Harris Administration launched a new student debt relief application to address the more than 40 million Americans with outstanding federal loans. The application is, according to the administration, a streamlined effort at relieving up to $20,000 in loans for Pell Grant recipients and up to $10,000 for non-Pell Grant recipients.

Debtors have until Dec. 31, 2023 to apply for this relief, but moving forward the administration plans on addressing financial burdens from future student loans with a more income-based approach.

Here & Now‘s Anthony Brooks talks with Betsy Mayotte, president and founder of The Institute of Student Loan Advisors.

This article was originally published on WBUR.org.

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