Skip to main content

President Joe Biden’s Announcement That The Department Of Education Would Be Canceling Student Loan Debt For Some Borrowers


Millions of Americans will see their student debt canceled or reduced following President Joe Biden's long-awaited announcement on student loan forgiveness Wednesday afternoon. 

The Biden administration is forgiving up to $10,000 in federal student loans for those making less than $125,000 a year for individuals or $250,000 for married couples or heads of households and up to $20,000 for Pell Grant recipients who meet the income threshold. Private loan holders are not included in the plan.

"In keeping with my campaign promise, my Administration is announcing a plan to give working and middle class families breathing room as they prepare to resume federal student loan payments in January 2023," Biden tweeted, adding that he will share more details of the plan Wednesday afternoon.

In the same tweet, Biden announced that the pause on student loan repayment, interest and collections, which was set to expire on Aug. 31, will be extended "one final time" through Dec. 31. The department's repayment freeze, which was first enacted in March 2020, has been extended four times since Biden took office and is set to end Aug. 31.

Comments

  1. Anonymous26 August 2022 at 07:36

    Awesome!!! President that is working

    ReplyDelete
  2. Anonymous26 August 2022 at 07:37

    Good job!!!!

    ReplyDelete
  3. Anonymous26 August 2022 at 07:37

    A huge relief to the borrowers 😂😂😂

    ReplyDelete

Post a Comment

Type your comments here

Popular posts from this blog

You And Your Health-Why Hair Turns Gray

The Real Reasons Hair Turns Gray, According to Dermatologists. Whether you discovered your first silver strand or you’ve decided to let your natural hair color shine, it’s normal to find yourself wondering, why does hair turn gray? And while we’ve touted ways to embrace and style your gray hair, the science behind why white and gray strands occur is actually quite interesting. We’ve all heard the thought that stress causes gray hair, and in fact, recent studies suggest a link between the two.  But, there are so many more reasons why your locks might be getting lighter. In fact, general aging and even your genes could have a lot more to do with your silver strands than you might think. Underlying health conditions like vitamin deficiency or alopecia could even be a factor. Ahead, we asked dermatologists to explain why hair turns gray, what causes premature graying, and if it’s possible to reverse gray hair. Why does hair turn gray? “Gray hair is really hair with less melanin, what gives
3 comments
Read more

Christmas Is Here Again

Christmas is in the air everyone! It is just a few more days to Christmas, three weeks 'ain't' far...hahahahaha
3 comments
Read more

Man Scales 10 Foot Fence Into Lions Den-Lions Maul Man To Death

A man, described as middle-aged, was mauled to death by a lion after he climbed into a zoo enclosure in the capital, Accra, Ghana. Unfortunately, the man died from his injuries after Sunday's attack, officials report. The Ghana authorities have began investigation on the subject, that has left many in Ghana in awe. Police have commenced an investigation to establish the motive of the intruder and circumstances surrounding the attack. Wildlife authorities suspect he may have planned to steal two rare white lion cubs which have become a big draw since their birth last November. The victim's body was retrieved from the zoo and taken to a local morgue. The Accra Zoo has been temporarily closed to the public following the incident. A lion, a lioness and their two white cubs were in the enclosure when the incident happened. "The lions have cubs so if you come too close they may feel you are trying to take away their babies," Deputy Minister for Lands and Natural Resources B
4 comments
Read more