Blog Posts > Approximately 74K West Virginians Will be Student Debt Free After Biden’s Cancellation
August 24, 2022

Approximately 74K West Virginians Will be Student Debt Free After Biden’s Cancellation

WBOY, WOWK, MSNPresident Joe Biden announced on Wednesday that $10,000 in student debt will be canceled for Americans who make less than $125,000 annually, leaving a large percentage of West Virginia students debt free.

Read the full article.

According to the West Virginia Center on Budget and Policy, a third of student loan borrowers in West Virginia had less than $10,000 of student loans, meaning that almost 74,000 will be completely student debt free after the cancellation.

According to data from 2021, 75% of West Virginia’s 223,000 borrowers owe less than $40,000. So after the largest forgiveness for individual student debt ever, 165,000 West Virginians will have their student loans cut by at least 25%, if the loans are federal.

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