Wolf Announces Student Debt Relief Plan

Governor Tom Wolf announced on Friday that over 1.7 million Pennsylvanians are eligible the Biden Administration’s student debt relief plan. That plan may cancel up to $20,000 in student debt for eligible borrowers. These student loan borrowers will not be taxed by the state for this relief. According to the federal Department of Education 988,800 borrowers are eligible for $20,000 in debt relief and 731,000 will have their federal loans completely forgiven. In October, the Department of Education will contact eligible borrowers and make the relief application available.