Saturday, October 1, 2022

    Biden announces who can have $10,000 erased in student loans

    Biden announces who can have $10,000 erased in student loans

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    President Biden announces who could have $10,000 erased in student loans.

    • Biden announced student loan cancellation on Wednesday, following through on a campaign promise.
    • Some borrowers who make less than $125,000 will have up to $10,000 forgiven.
    • The loan must have come from the federal government and been used to pay for undergraduate study.

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    President Joe Biden announced Wednesday that the government will cancel up to $10,000 in student loan debt for some borrowers who make less than $125,000, and cut $20,000 off debts for Pell Grant recipients.

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