16.2M borrowers approved under student debt relief plan. How many are from Florida?

Approximately 16.2 million people seeking student loan debt relief have received approval under President Joe Biden's provisional plan, according to an analysis of U.S. Department of Education data by LendingTree.

Of those people awaiting the Supreme Court's decision, 1,047,400 million are Floridians, according to a news release from the online lending marketplace.

Michael Kitchen, LendingTree's student loan expert, said federally held student loans account for the "vast majority of all U.S. student debt."

The current pause on repayments ends in June, with payments resuming 60 days later, if Biden's plan fails to come to fruition.

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READ: LendingTree's analysis of U.S. Depart of Education data on student debt relief

What else does LendingTree's analysis show?

  • The amount of debt forgiveness requested by approximately 16.2 million people amounts to $210 billion.

  • Nine million additional borrowers who are yet to receive formal approval could add $117 billion.

  • The amount of debt forgiveness requested by 1,047,400 Florida residents amounts to $13.8 billion.

  • 547,800 additional Florida borrowers yet to receive formal approval could add $7.2 billion.

  • 1,595,200 more Floridians are potentially eligible for $20.9 billion in debt relief.

What does LendingTree's analysis show about other states?

  • Rhode Island: has highest share of existing federal direct loan debtors who’ve already been approved, followed by Illinois and Vermont

  • Wisconsin: has largest share of existing debt approved for forgiveness, followed by Iowa and South Dakota

This article originally appeared on The Daytona Beach News-Journal: Provisionally-approved Floridian student debt relief amounts to $13.8B