Biden promises student loan forgiveness for anyone with an income of under $125,000

Biden promises student loan forgiveness for anyone with an income of under $125,000

Following President Joe Biden’s eagerly anticipated statement regarding student loan forgiveness on Wednesday afternoon, millions of Americans will have their student debt forgiven or reduced. The Biden administration will forgive approximately $10,000 in federal education loans for individuals earning less than $125,000 or $250,000 annually for married couples or the head of a household. Pell…