WASHINGTON (CBS19 NEWS) -- Nearly one million Virginians are expected to benefit from student debt relief.

According to a release, the White House released state-by-state data on how this relief plan will benefit borrowers in all 50 states, Puerto Rico and Washington, D.C.

Last month, President Joe Biden announced a plan to provide up to $20,000 in relief to recipients of Pell grants and up to $10,000 for other borrowers, which is expected to help more than 40 million borrowers across the country.

The U.S. Department of Education says this plan will help borrowers and families recover from the COVID-19 pandemic and prepare to resume student loan payments in January.

The release says nearly 90 percent of the relief dollars will be going to people who earn less than $75,000 a year, and no relief will go to households in the top five percent of incomes in the country.

The Biden administration says that targeting relief to people with the highest economic need will help to narrow the racial wealth gap.

Regarding Pell grant recipients, nearly 71 percent of African-American undergraduate students while 65 percent of Latino undergraduate students get them.

In Virginia, around 965,100 borrowers are expected to be eligible for relief, and 566,500 Pell grant recipients will be eligible.

For more information on the student debt relief plan, click here.