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Home Type All Around the Web

Biden Announces Details of Student Loan Cancellation Plan

by Daily Wire
August 24, 2022
in All Around the Web, News
BREAKING: Biden Announces Details Of Student Loan Cancellation Plan

Around the Web – Original Source: www.dailywire.com

Joe Biden President Joe Biden unveiled a plan on Wednesday to cancel $10,000 in student loans per borrower earning under $125,000, as well as $20,000 per borrower who paid for college using Pell Grants.

White House officials had been weighing the move for months before officially landing on the $10,000 figure, according to a report from CNN, though some Democratic lawmakers have supported canceling up to $50,000 per borrower. Biden also decided to extend the pause on federal student loan repayment to January 2023, while borrowers with undergraduate loans can cap repayment at 5% of monthly income.

Biden said on social […]

Around the Web – Original Source: www.dailywire.com



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