Borrowers who earn less than $125,000 a year may be eligible for loan forgiveness, and pause on payments may be extended Millions of Americans were waiting to learn the fate of their federal student debt on Wednesday as Joe Biden prepared to deliver on his campaign promise to provide up to $10,000 in debt cancellation. Details of the plan have been kept closely guarded, but borrowers who earn less than $125,000 a year would be eligible for the loan forgiveness, according to three people familiar...
Millions await Biden's announcement on cancelling US student loan debt
The Guardian - 24 Aug 2022 13:58
Borrowers who earn less than $125,000 a year may be eligible for loan forgiveness, and pause on payments may be extended Millions of Americans were waiting to learn the fate of their federal student debt on Wednesday as Joe Biden prepared to deliver on his campaign promise to provide up to $10,000 in debt cancellation. Details of the plan have been kept closely guarded, but borrowers who earn less than $125,000 a year would be eligible for the loan forgiveness, according to three people familiar...
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