Hundreds of thousands of Minnesota residents will benefit from President Biden’s student loan debt forgiveness plan. More than 788-thousand Minnesota residents have student loan debt. The average borrower owes over 33-thousand dollars. Today, Biden announced his decision to cancel ten-thousand dollars of debt for those earning less than 125-thousand dollars per year. Additionally, those who went to college on low-income Pell Grants qualify for 20-thousand dollars of debt relief on federal student loans.