Paid off your federal student loan during pandemic? You could get a refund

With so many parents and former students struggling with federal student loans, President Biden’s forgiveness plan will forgive up to $10,000 of federal student loans per borrower, and up to $20,000 for those who received a Pell Grant.

“If you have a Direct Loan, it doesn’t matter if it’s a Parent Plus Loan, or a Stafford Loan, or a graduate loan or undergraduate loan,” explained Betsy Mayotte, President and founder of The Institute of Student Loan Advisors.