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.
Related Coverage
AllSides Picks
Bias
Media Bias Alert: DOJ Claims Biden Admin Weaponized Gov’t to ‘Chill Free Speech’ Despite Internal Dissent
Andy Gorel
October 8th, 2026
Headline Roundup
Media Outlets Agree: Conservatives and Liberals to Vote Based on Opposition, Not Support
November 2nd, 2026
.png)
Announcement
We're Hiring: Director of Research at AllSides
AllSides Staff
November 2nd, 2026
Recommended Reading
When Two States Tell Us the Future
Dan Schnur
November 2nd, 2026
