December 2, 2022
Biden announces student loan forgiveness plan

Biden announces student loan forgiveness plan

Biden announces student loan forgiveness plan; extends the final payment freeze-2022

On Wednesday, President Joe Biden made good on a promise he made during the campaign to provide many Americans a $10,000 debt cancellation, with an additional $10,000 available to those in the greatest need.

According to a tweet from the president, debtors who earn less than $125,000 annually or households earning less than $250,000 annually will be eligible for the $10,000 loan forgiveness. However, the specifics of the plan have been kept under wraps.

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