President Biden Prepares To Announce Some Form Of Student Loan Relief Sources
Without action, many Americans – for the first time in two years – will have to start paying off their student loans on September 1. However, multiple people familiar with White House policy discussions told ABC News that the loan freeze, first put in place under President Donald Trump during the disruptions of the COVID-19 outbreak, is expected to be extended. Debt relief talks, which were still ongoing Tuesday, have so far coalesced around forgiving about $10,000 for people making less than $125,000 a year — though the details are still being worked out....