![]() Shortly after Biden announced his plan, the legal challenges piled up. In total, around 37 million people would be eligible for some loan cancellation, Kantrowitz estimates - up to $20,000 if they received a Pell Grant in college, a type of aid for low-income families, or as much as $10,000 if they did not. ![]() Roughly 14 million people would have their student debt entirely cleared by the program, according to an estimate by higher education expert Mark Kantrowitz. The justices' ruling will determine whether the Biden administration can move forward with its plan to wipe out more than a quarter of the country's $1.7 trillion in outstanding federal student debt. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower ![]() Best Debt Consolidation Loans for Bad Credit
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