People who borrowed through most federal student loan programs are likely to be eligible, while those who have private loans issued by banks or schools probably won’t be.
HOW MANY PEOPLE WILL THIS HELP? About 43 million Americans have federal student debt, and a third of those owe less than $10,000. Half owe less than $20,000.
HOW DO I APPLY FOR STUDENT LOAN FORGIVENESS? Details of that have not yet been announced, but more information will likely be available later Wednesday.