President Biden expected to announce decision on student loan forgiveness Wednesday

President Joe Biden is expected to announce a decision on student loan forgiveness on Wednesday, NBC News and Bloomberg reported today.

President Joe Biden is expected to announce his administration’s much-anticipated decision on student loan cancellation on Wednesday, NBC News and Bloomberg reported.

For several months Biden has been looking at forgiving $10,000 per borrower in student debt, capping the cancellation for borrowers whose income exceeds $125,000 to $150,000 a year.

Biden’s administration already cancelled $32 billion in total debt by targeting relief to institutions that had predatory or misleading practices.

Daily Planet

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