Biden announces student loan relief for borrowers making less than $125,000
CNN
President Joe Biden on Wednesday announced new steps to address student loan debt, which includes forgiving $10,000 for borrowers who make less than $125,000 per year and extending the payment freeze one final time until the end of the year.
Low-income borrowers who went to college on Pell Grants will receive up to $20,000 in student loan forgiveness.
The President will speak at 2:15 p.m. ET to formally announce the plan.
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