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How to Apply For Student Loans Whether you are looking to get a student loan for your child or for yourself, there are some things you should know. The Federal Government has a plan to help you get a student loan with little or no interest. In addition, there are also ways to avoid student loan scams. Biden's plan to forgive up to $10,000 in debt During his campaign, President Joe Biden promised to forgive up to $10,000 in student loan debt for lower-income borrowers. Despite criticism from some Republicans, the President fulfilled his pledge. The student loan debt crisis has reached more than $1.7 trillion. Experts say it will take a broad-based program to fix the problem. However, it is possible that the forgiveness plan will face legal challenges. The plan is set to cost between $400 billion and $600 billion, and it could affect millions of Americans' wallets. The Biden administration announced a student loan debt forgiveness program in August. It includes a plan to cancel
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