Local 12 News: What to do if you think you’re eligible for student debt relief

President Biden’s student loan forgiveness program may take effect, but it needs to first pass the review of a federal district judge which is hearing a motion to block the policy. Six Republican-led states filed a lawsuit last month challenging the program’s legality.

The plan includes forgiveness of up to $20,000 in eligible loans and it targets borrowers with individual income of less than $125,000 or income of $250,000 for households. David Peterson, assistant vice provost for enrollment management at UC, spoke with Local 12 News about the President’s program. 

He’s fielded calls from alumni and students waiting for the application process to open and it’s expected to launch later this month.

"For them, it's just such a huge relief, it's less money that they have to make repayments on, and it puts them in a better position, financially for their families and for what they're trying to do with their lives," Peterson told Local 12 News. “So really, again, we're just hoping that the application comes live soon, and we can get families and students completing the application.”