Joe Biden

Student Loan Relief Announced by President Biden for Those Who Need It Most: Biden to Forgive $10,000 in Student Debt

President Joe Biden is poised to announce a sweeping package of student-debt relief, forgiving $10,000 in debt for borrowers who earn less than $125,000 per year and $20,000 in debt for Pell grant recipients, according to people familiar with the matter. The president, who is expected to unveil the plan Wednesday, will also extend the moratorium on repaying student-loan debt…