President Biden, Vice President Harris, and the U.S. Department of Education have announced a three-part plan to help working and middle-class federal student loan borrowers transition back to regular payment as pandemic-related support expires. This plan includes loan forgiveness of up to $20,000.
Student debt is one of the most critical issues facing the next generation of design professionals. The average architecture student with a five year Bachelors’ degree graduates with over $42,000 in student loan debt. Students graduating with a Masters in Architecture face over $72,000 in loan debt, ranking architecture as one of the disciplines with the highest loan balances in the country.
We encourage all AIA members that may qualify for this loan forgiveness program to visit: https://studentaid.gov/debt-relief-announcement/