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More than 1.3 million in Kansas, Missouri eligible for student debt relief

Posted at 12:10 PM, Sep 20, 2022
and last updated 2022-09-20 17:47:48-04

WASHINGTON, D.C. — The White House released data Tuesday, which indicated approximately 777,300 people in Missouri and 360,900 in Kansas are eligible for student-debt relief under President Biden's program.

That number includes roughly 502,200 Pell Grant recipients in Missouri and 225,000 in Kansas are eligible for relief.

Overall, the White House estimates that 40 million U.S. residents will experience some form of debt relief, including 20 million who will see their debt erased completely.

An estimated 90% of eligible borrowers make less than $75,000 a year. Households in the top 5% of earners is eligible for debt relief.

The administration's plan seeks to help families recover from the COVID-19's financially trying effects and put a pause on payments until January 2023, according to the release.

More information on the project and how to apply is available online.