Cornellians React to Biden Administration Student Loan Forgiveness

Every semester, Cornell students take out loans to pay University tuition and fees, which have continually risen over the past several years. Total estimated cost of attendance this academic year was $83,296 for endowed colleges, and $62,798 for state contract colleges. As of Aug. 24, a program announced by the Biden administration may help defray some costs for current Cornell students and graduates with student loans to pay back. According to the Federal Student Aid division of the U.S. Department of Education, for borrowers with an individual income of less than $125,000 or or a household income less than $250,000, the U.S. Department of Education plans to cancel up to $20,000 in student debt for Pell Grant recipients and those with loans from the Department of Education.