White House Denies Report Of $10,000 Of Student Loan Forgiveness
The White House has denied a report that President Joe Biden will enact $10,000 of student loan forgiveness
Here’s what you need to know —
and what it means for your student loans.
That’s the question student loan borrowers have been asking for months.
“No decisions have been made yet,” White House spokesman Vedant Patel told Reuters on Friday
.
– Biden will cancel $10,000 of student loans per student loan borrower; and
Student loan forgiveness will be available to individual student loan borrowers
who file jointly and earn up to $300,000.
Earlier this month, the Biden administration floated this same income cap to qualify for student loan forgiveness.
Notably, this potential income cap is
$50,000 higher
than the income cap