President Biden is expected to announce a much-anticipated loan forgiveness program Wednesday, sources familiar with the plan told the Associated Press.
Americans are poised to foot a nearly $300 billion deal with President Biden’s expected announcement on Wednesday to forgive thousands in federal student loan debt and extend a repayment pause to next year.
According to the Penn Wharton Budget Model, a one-time maximum debt forgiveness of $10,000 for borrowers who make less than $125,000 will cost around $300 billion for taxpayers.
Joe Biden expected to announce $10,000 student loan forgiveness program Wednesday: report | Fox News
- by: Bradford Betz
- 2022-08-24
- Source:
Fox News
- 08/24/2022
student debt by hardtopeel is licensed under flickr Creative Commons Attribution-ShareAlike 2.0 Generic (CC BY-SA 2.0)
student debt by hardtopeel is licensed under flickr Creative Commons Attribution-ShareAlike 2.0 Generic (CC BY-SA 2.0)
Get latest news delivered daily!
We will send you breaking news right to your inbox
