Biden wipes out $10K student debt for those earning under $125K

Image:  President Biden announced today that he will cancel up to $10,000 in student debt for Americans earning less than $125,000 per year (or $250,000 for couples filing taxes jointly) with additional relief for borrowers from low-income backgrounds who received Pell Grants. He will also extend the current pause on student loan payments, slated to end Sept. 1, for an additional four months, through Dec. 31. “In keeping with my campaign promise, my administration is announcing a plan...