President Biden delivers remarks on student loan debt relief plan
WASHINGTON D.C. (KRDO) -- Wednesday morning, President Joe Biden announced his administration's plan for forgiving student debt for some borrows.
Below is a look at the Biden Administration's Student Loan Debt Plan:
- Forgiving Debt:
- $20,000 if you went to college on Pell Grants
- $10,000 if you didn't receive Pell Grants
Forgiveness only applies to people who make less than $125,00 a year.
The student loan pause has also been extended one final time through Dec. 31, 2022.
Pres. Biden provided more details on the student loan debt relief plan in a press release below:
