Biden Announces That Student Loans Will Be Forgiven Up To $20,000- Here’s How

Biden forgives millions of student loans; critics fear inflation – Reuters President Joe Biden said on Wednesday the U.S. government would forgive student loans for millions of debt-saddled former college students, keeping a pledge he made in the 2020 campaign for the White House. Biden announced Wednesday that he would cancel $10,000 of federal student loan debt for certain borrowers making less than $125,000 per year, and up to $20,000 for Pell Grant recipients. Biden …

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