Biden cancels up to $10K in student debt, extends payment pause
Joe Biden,Debt,Student Loan Debt,Student Loan Forgiveness,Student Loans,Economy And Jobs,Higher Education,Education,Labor,Inflation,People And Profit,National Debt
President Biden officially announced on Wednesday that his administration is forgiving up to $10,000 in student loan debt for borrowers making less than $125,000 annually and $20,000 for Pell Grant recipients, marking the largest forgiveness of federal student loans per individual to date.
Biden also again extended a payment freeze on federal student loans and interest accrual, butting right up against an Aug. 31 deadline that would have kicked bills back into effect just before November’s midterm elections.
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