President Biden announced the cancellation of $10,000 in student loan debt for Americans earning $125,000 or less per year, and extend a pause on payments for all borrowers until December 31.
that has raged ever since President Joe Biden took office concluded with an announcement on Wednesday that Biden would cancel $10,000 in student-loan debt for Americans earning $125,000 or less per year and extend a pause on payments for all borrowers until December 31. According to the administration, 90% of the relief is being allocated to households earning $75,000 a year or less.
Biden’s plan to provide debt relief isn’t as wide-ranging as the ones that many Democrats—including senators
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