Student Loan Debt Cancellation Plan Released

President Joe Biden today, Aug. 24, announced his administration’s much-anticipated decision on student loan cancellation. The plan will cancel up to $10,000 in student loan debt for Americans making less than $125,000, and up to $20,000 for Pell Grant recipients.

Here's a breakdown of @JoeBiden's #StudentLoanForgiveness plan:

Up to $10,000 canceled for borrowers who earn $125,000/year or less

Up to $20,000 canceled for Pell Grants recipients

Payment pause on federal student loans extended through the new year @WGME https://t.co/x1jaPnAoA0

— Dan Lampariello (@DanWGME) August 24, 2022