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Student loan forgiveness coming for some South Dakotans

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The Biden-Harris Administration approved over 800,000 borrowers for loan forgiveness.

Over 3,000 South Dakotans will receive student loan forgiveness in the coming weeks.

The Biden-Harris Administration approved over 800,000 borrowers in an alternative loan-forgiveness plan after the Supreme Court ruled against Biden's initial, more widespread loan forgiveness proposal.

The loan forgiveness for South Dakota residents will total around $147 million dollars.

In a press statement, Biden said his administration has also worked to increase Pell Grants and improve loan programs like Public Service Loan Forgiveness.

“As long as I’m in office, I will continue to work to bring the promise of college to every American,” Biden said.

Officials said qualifying borrowers will automatically receive loan forgiveness without having to take any action.

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Education Finance | Banking | Money | Cryptocurrency
Veda is an English and journalism major at Augustana University in Sioux Falls. She loves writing and storytelling, and she plans to pursue a career as a journalist after graduation.