Virginia Student Loan Holders Wait as Biden Relief Plan Stuck in Courts

As President Joe Biden’s student debt relief plan remains tied up in the courts, many Virginia student loan holders are still unsure whether they will have some of their debt forgiven.

About 12.5 percent of Virginians, which is more than 1.08 million people, owe some money on student loans. The average amount of debt per borrower is the fourth highest in the country at more than $39,000 per person, according to the Education Data Initiative. More than 85 percent of borrowers currently owe more than $5,000 in loans and the total amount of money owed on student loans in the commonwealth is about $42.4 billion.

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