When word of President Joe Biden’s plan to forgive student loans hit the news cycle on Wednesday, the qualification for the greatest amount of debt forgiveness hinged on whether someone is or was a Pell grant recipient.

This is what people are saying about the Biden administration's announcement about student loans.

As the student debt crisis hits $1.7 trillion in outstanding loans, many employers have taken a step that could slowly reduce student loan debt among their workers by offering student loan repayment assistance as an employee benefit. The assistance comes after the COVID-19 relief package was passed last December, which allows employers to make contributions of up to $5,250 a year to their employee’s student debt through 2025. Watch the video attached to this story for more.

HOUSTON – Federal student loan borrowers may receive some reprieve this month once President-elect Joe Biden takes office. “I do have student loan debt. Americans as a collective have about $1.7 trillion in student loan debt with the average 2019 graduate carrying a $28,950 balance, according to the Federal Reserve. The incoming president is also considering erasing $10,000 in federal student loan debt per person, which has sparked controversy. “It really, again, disproportionately benefits higher income households relative to low income households.