What to know about Biden's debt plan.
What to know about Biden's debt plan.
President Joe Biden Confirmed Wednesday to forgive or reduce student loan debt for millions of debt-saddled borrowers.
President Joe Biden Confirmed Wednesday to forgive or reduce student loan debt for millions of debt-saddled borrowers.
He said If you earn less than $125,000 annually ,you're eligible to receive cancellation of up to $10,000 in federal student loans.
He said If you earn less than $125,000 annually ,you're eligible to receive cancellation of up to $10,000 in federal student loans.
If you received a Pell Grant, you can get up to $20,000 forgiven.
If you received a Pell Grant, you can get up to $20,000 forgiven.
If you're not eligible for any student debt forgiveness, your pause on repayments continues to be paused until year end.
If you're not eligible for any student debt forgiveness, your pause on repayments continues to be paused until year end.
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The Department of Education is also working on a proposal introducing a new repayment plan to ease the burden on borrowers.
The Department of Education is also working on a proposal introducing a new repayment plan to ease the burden on borrowers.
Learn more