VERIFY Fact Check |

Fast Facts about how student debt relief will be applied for borrowers with multiple loans

Student Loans

5 ways to spot a student loan forgiveness scam

Student Loans

You won’t have to pay federal taxes on student debt relief, but states could tax it as income

Education

No, the president cannot permanently change student loan interest rates

Student Loans

Yes, the average forgiven PPP loan is far more than $20,000 student loan relief

Student Loans

Yes, Parent PLUS loans are eligible for debt forgiveness

Student Loans

Yes, graduate loans are eligible for loan forgiveness

Student Loans

Yes, eligible public service workers can still get full federal student loan forgiveness

Student Loans

Yes, you can get a refund if you paid federal student loans during the payment pause

Student Loans

Yes, there is a way to check if you received a Pell Grant

Education

Yes, some current college students qualify for student loan forgiveness

Student Loans

Yes, some federal student loan borrowers will need to apply for debt forgiveness

Student Loans

Fast Facts about student loan forgiveness

Education

Yes, Biden proposed full debt forgiveness for students of HBCUs and public colleges on the campaign trail

Joe Biden

Yes, interest rates for new federal student loans are set to increase for 2022-2023 academic year

Money

Claim that 40% of Americans who take out student loans never graduate needs context

Education