What does President Biden’s loan forgiveness plan mean for most Americans?
Last Wednesday, President Joe Biden announced he would cancel $10,000 in debt for Americans who earned less than $125,000 a year. Those who were recipients of Pell Grants would have up to $20,000 in student debt canceled. President Biden also extended the student loan pause once more through Dec. 31, 2022.
What does President Biden’s loan forgiveness plan mean for most Americans?
Last Wednesday, President Joe Biden announced he would cancel $10,000 in debt for Americans who earned less than $125,000 a year. Those who were recipients of Pell Grants would have up to $20,000 in student debt canceled. President Biden also extended the student loan pause once more through Dec. 31, 2022.