Joe Biden’s student loan forgiveness plan is praised, panned by Maine’s federal lawmakers

According to an estimate from the Maine Center for Economic Policy, a left-leaning think tank, Biden’s proposal would benefit roughly 177,000 student loan borrowers in Maine, or roughly 95% of those who have taken out federal loans. To be eligible, borrowers must earn less than $125,000 a year or $250,000 for a married couple. According to federal statistics, the average student loan debt in Maine is roughly $33,000.

Click here to read the full story, first published August 24, 2022 in Maine Public.