Biden Wanted To Announce Canceling $10,000 In Student Loan Debt As Soon As This Weekend, Report Says
For couples filing jointly, the cap is set at $300,000, the Post reports, citing two of the people familiar with the matter. The moratorium has been extended six times since March 2020, and started at the beginning of the Covid-19 pandemic. That’s how many people who would have their student loan debt eliminated if $10,000 worth of loans were canceled, according to the Committee for a Responsible Federal Budget. Key BackgroundDemocrats have urged the president to take action on canceling some, if not all, of the debt. Further ReadingBiden Could Cancel Student Loan Debt This Saturday (Forbes)White House Said To Eye Income Caps For Student Loan Forgiveness (Forbes)Biden May Cancel 'Some' Student Debt—But Rules Out Canceling $50,000 Per Borrower (Forbes)
Source: CNN May 28, 2022 08:19 UTC
