When going to college many students to take out student loans to help pay for school.

A Student loan is money you borrow from the federal government or private organization to help pay off college expenses. These must be paid off later with interest. After six months of graduating college, you must start paying off your loans. According to studentloanhero.com about 48 million Americans have student loan debt.

To help with student loan debt President Joe Biden announced a one-time student loan relief for people who are making less than $125,00, according to studentaid.gov With this debt relief you could get up to $20,000 in relief if you received a Federal Pell grant in college and meet the income requirements. Or you can get up to $10,000 in debt relief if you didn’t receive a Federal Pell grant in college and meet the income requirements.

A graduate student from Hilbert college Samantha said her student loan debt has caused her a great deal of stress.

“I’ve had to work a lot more hours in order to be able to pay all my bills along with my student loans,” said Samantha.

She said she recently applied for the student loan debt relief and if accepted the relief will lift a big weight off her shoulders.

“If my application goes through it’ll drop my debt from $23,000 to $3,000, and I can put all my focus back onto helping my family,” said Samantha.

To see if you qualify for the one-time Federal Student Loan Debt Relief you can visit studentaid.gov. Applying for this one-time debt relief ends on December 31st, 2022.

Hilbert’s Associate Bursar Beverly Szczur said “with people getting their debt forgiven they may consider going back to school to further their education.”