![Here's what it would mean to these Americans if Biden canceled student loan debt](https://cdn.cnn.com/cnnnext/dam/assets/220616181908-tease-borrowers-student-loan-debt-portraits-super-tease.jpg)
Here's what it would mean to these Americans if Biden canceled student loan debt
CNN
About 43 million people are waiting to find out if President Joe Biden will wipe away all or part of their federal student loan debt. CNN spoke with eight former college students about what it would mean for them if Biden canceled some student loan debt.
In April, after facing months of pressure from other Democrats to cancel $50,000 per borrower, Biden said he was considering some broad student loan forgiveness, though a smaller amount.
On the campaign trail, Biden said he would support $10,000 in forgiveness. White House officials have indicated that he is also looking at setting an income threshold so that high-earning borrowers would be excluded from the debt relief.
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Donald Trump’s campaign is taking a vastly different approach to 2024 compared to 2020, with plans for fewer staff and expenses, including what they view as superfluous brick and mortar offices. Instead, the campaign pledges to run a more efficient operation that will rely heavily on data modeling, microtargeting and relying on wealthy conservative groups for data, infrastructure and significant bank accounts to help find Trump a pathway to the 270 electoral votes needed to secure victory in November.