According to The Associated Press, people making less than $125,000 will be eligible for loan forgiveness.
It's still unclear how the plan will be implemented. Biden is expected to make a formal announcement on Wednesday.Biden campaigned on the promise to cancel up to $10,000 worth of student loan debt.
Since being elected, he's faced pressure from the progressive wing of his party to wipe out even more debt."As time continues, the needs of the American people have not — and will not — change without substantial cancellation," the organization said.Report a typo
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