President Biden Forgiving $10,000 of Student Loans

President Biden is forgiving $10,000 in student loans for borrowers that earn less than $125,000 a year or families earning less than $250,000. Low- and middle-income borrowers receiving a Pell grant will be forgiven for up to $20,000 of college debt. Finally, the moratorium on student loan payments and interest has been extended until December 31st.


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