Biden Leans Towards Canceling $10K in Student Loan Debt

“White House officials have been weighing – and leaning toward – the cancellation of up to $10,000 in student loan debt per borrower tied to an income threshold,” CNN reports.

“The plan is designed to offer the forgiveness to individuals who earn less than $125,000 per year.”

“In addition to that baseline of student loan debt forgiveness for individuals who fall under a certain income level, administration officials have also recently discussed the possibility of additional forgiveness for specific subsets of the population.”