President Biden’s long-awaited announcement of a $10,000 federal student loan cancellation came on Aug. 24. President Biden also is extending a pause on federal student loan payments for what he called the “final time” through the end of 2022.
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$10,000
Biden announces big student loan forgiveness plan
President Biden on Wednesday announced his long-awaited plan to deliver on a campaign promise to provide $10,000 in student debt cancellation for millions of Americans — and up to $10,000 more for those with the greatest financial need — along with new measures to lower the burden of repayment for their remaining federal student debt.
