Biden to cancel up to $10K in federal student loan debt for certain borrowers and up to $20K for Pell Grant recipients

Posted on AllSides August 24th, 2022
From The Left
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The Biden administration announced Wednesday that it will cancel up to $10,000 in student debt for borrowers who earn $125,000 a year or less and up to $20,000 for recipients of Pell Grants.

Couples who earn $250,000 a year or less and file taxes jointly will also qualify for cancellation of up to $10,000 for each partner.

The administration is also extending the payment pause on federal student loans for a final time through Dec. 31.

In a tweet, President Joe Biden said that he would provide further details on the announcement Wednesday afternoon.

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https://www.nbcnews.com/politics/politics-news/biden-cancel-10k-federal-student-loan-debt-certain-borrowers-20k-pell-rcna42422

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