Watch: President Biden remarks on student loan forgiveness

President Joe Biden said Wednesday he will grant student loan forgiveness of $10,000 for millions of borrowers who qualify.

In a tweet spelling out his plans, Biden also said he would forgive up to $20,000 in debt for Americans who borrowed money under the Pell Grant program for low-income students.

Biden is expected to provide more details at 2:15 p.m. EDT.

» Subscribe to USA TODAY:
» Watch more on this and other topics from USA TODAY:
» USA TODAY delivers current local and national news, sports, entertainment, finance, technology, and more through award-winning journalism, photos, videos and VR.

28 comments

  1. Who signed on the dotted line?
    If you say you’re going to do something you do it or you lose credibility..

    1. Tell that to businesses, wall street, wealthy people, etc who collect credits, forgiveness, and can just claim bankruptcy and screw over retail investors.

      Better to help citizens due to inflated school costs then them.

  2. *Investing in crypto now should be in every wise individuals list, in some months time you’ll be ecstatic with the decision you made today.*

  3. $125,000 come on that’s making a shite load. If you can’t pay off your loan making $125,000 something isn’t right.

  4. So you are going to pay all the people who struggled and worked hard to pay their loans $10-50,000 too? Or are you just buying votes for now?

  5. Independents and Republicans and Democrats are all happy with the way this administration is paying attention to ordinary people.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.