Biden Reportedly Planning To Issue $10,000 Student Loan Forgiveness For Some Borrowers

President Joe Biden is reportedly set to issue a student-loan announcement Wednesday that could include a $10,000 loan forgiveness plan for borrowers making under $125,000 a year.

CNBC reported that Biden’s announcement on student loans could come “as soon as Wednesday.” The Wall Street Journal later reported that the administration is in fact making plans for an announcement on that day. The administration has spent months debating the subject of student loan cancellation and officials vowed a decision would come before the end of August.

While the White House has not confirmed official details of Biden’s plan,...