President Biden yesterday announced a sweeping plan to cancel up to $20,000 in student debt for Pell grant recipients, and up to $10,000 for qualifying individual borrowers. But for future students, college costs look as bad as ever. The average price of tuition for a four-year public college is more than $9,000 per year. Out-of-state residents can expect to pay more than $23,000 - and it can be double that for private institutions.

Guests: Axios' Dan Primack and Erica Pandey.

Credits: Axios Today is produced by Niala Boodhoo, Sara Kehaulani Goo, Alexandra Botti, Lydia McMullen-Laird, Alex Sugiura, and Ben O'Brien. Music is composed by Evan Viola. You can reach us at [email protected]. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893.

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