Prez Biden unveils plan to cancel $10,000 per borrower in student loan debt2 min read 24 Aug 2022, 09:20 PM IST
The debt forgiveness will apply only to those who make less than $125,000 a year
Joe Biden's tweet said the payment freeze will be extended one last time, until 31 December
In a huge relief to America's indebted university graduates, US President Biden on Wednesday said that he is cancelling up to $10,000 in student loan debt for Americans earning $125,000 or less per year and extending a pause on payments for all borrowers until 31 December, capping months of anticipation over a campaign promise to provide economic relief to lakhs of people.
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