Here’s what to know.

And for good reason: Currently, Americans owe about$1.75 trillion dollars in student loans.

Each borrower owes an average of $28,950 in debt.

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Its a massive issue that affects the finances and well-being of millions of Americans.

According toCNBC, at least9 million borrowerscould have their debt completely erased by this plan.

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The two Democratic Senators have relentlessly lobbied the President for student debt loan forgiveness over the past two years.

How do I know if I qualifyand how do I apply?

Next: Do you earn less than $125,000 per year?

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(Or if youre married, less than $250,000 per year?)

If you answered yes to both questions, you will qualify for this debt forgiveness program.

Got it, you’ve been added to our email list.

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