Biden Administration Could Start Forgiving Student Debt as Soon as Sunday News HEAD TOPICS
Biden Administration Could Start Forgiving Student Debt as Soon as Sunday
10/21/2022 11:00:00 PM The Biden administration could start discharging millions of Americans student debt as soon as this Sunday
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Source NBC New York
The Biden administration could start discharging millions of Americans student debt as soon as this Sunday The Biden administration could start discharging millions of Americans’ student debt as soon as Sunday, Oct. 23. have applied since.The president announced in August that most federal student loan borrowers will be eligible for some forgiveness: up to $10,000 if they didn'treceive a Pell Grant, which is a type of aid available to low-income undergraduate students, and up to $20,000 if they did. More than 40 million Americans are in debt for their education, owing a cumulative $1.7 trillion, a balance that far exceeds outstanding credit card or auto debt.Skyrocketing higher education costs coupled with stagnant wages have causedthe amount of student debt people graduate with to soar. Read more:
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