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Student Loan Forgiveness Index

Scholaroo projected the allocation of the $39 billion intended for loan relief among eligible borrowers in all 50 states.

The government recently announced a significant measure to provide financial relief to borrowers. A sum of $39 billion has been allocated for loan forgiveness, benefiting a total of 804,000 borrowers. The forgiveness program is a result of improvements made to the Income-Driven Repayment Plans.

To qualify for loan forgiveness, most borrowers must be in repayment for 240 or 300 months on a standard or income-driven repayment plan to qualify for debt cancellation.

Given this scenario, Scholaroo’s data team projected the average distribution of this $39 billion in loan relief among the number of eligible borrowers in all 50 states. Below, you’ll find a map that displays the rankings and projected average student loan forgiveness per borrower for each state. Just hover your mouse over the map to explore!

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Estimated Average Student Loan Forgiveness Amount per Eligible Borrower by State

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Methodology

Scholaroo's data team gathered information from publicly available sources and made projections according to the data collected.