Borrowers who earn less than $125,000 a year, or families earning less than $250,000, would be eligible for the $10,000 loan forgiveness, Biden announced. For recipients of Pell Grants, the federal government would cancel up to an additional $10,000 in federal loan debt.
Lynne Baker
Nearly 40 percent of recent college graduates don’t think they’ll pay off their student loan debt within 10 years, according to a new study.
